Your browser of choice has not been tested for use with Barchart.com. If you have issues, please download one of the browsers listed here.
Get all the relevant market information you need — get it fast, on time, and accurately with Barchart Plus. FREE 30 Day Trial
Stocks | Futures | Watchlist | More
or
Lean Hogs Jun '24 (HEM24)
[[ item.lastPrice ]] [[ item.priceChange ]] ([[ item.percentChange ]]) [[ item.tradeTime ]] [CME]
[[ item.bidPrice ]] x [[ item.bidSize ]] [[ item.askPrice ]] x [[ item.askSize ]]
[[ rootItem.symbol ]]underlying price [[ rootItem.lastPrice ]] [[ rootItem.priceChange ]] ([[ rootItem.percentChange ]]) [[ rootItem.tradeTime ]]
Quote Overview for [[ item.sessionDateDisplayLong ]]
[[ rowChartData.labelLow ]]
[[ rowChartData.lowPriceFormatted ]]
[[ rowChartData.lowPrice ]]
[[ rowChartData.labelHigh ]]
[[ rowChartData.highPriceFormatted ]]
[[ rowChartData.highPrice ]]
since [[ rowChartData.lowDate ]]
since [[ rowChartData.highDate ]]
[[ value ]] [[ value ]]

Lean Hogs Futures Market News and Commentary

Hog Futures Push Higher into Weekend

The lean hog market ended Friday with another 45 to 60 cent gains, which left April $1.97 higher for the week. The July contract closed +$100 for the first time since Feb 2023. USDA’s National Average Base Hog price was $1.71 weaker on Friday afternoon at $71.49. The 02/21 CME Lean Hog Index increased by 81 cents to $78.78. 

Weekly Commitment of Traders data had lean hog spec traders with a 48.2k contract net long, a 14.5k contract stronger net long via net new buying. 

The weekly Export Sales report showed pork bookings were 29k MT for the week that ended 2/15. That was down from +30k the past two weeks and from 43k MT 3-weeks back. USDA did revise the massive sale from last week, citing errors for China and Mexico. Pork commitments are now listed at 456.3k MT for the year, which is 3% ahead of last year’s pace. 

Friday afternoon’s National Pork Carcass Cutout Value was $91.16, which was 73 cents weaker mainly driven lower by the bellies. Ever primal cut had incre... Read more

Contract Specifications

See More
Contract
Lean Hogs
Contract Size
40,000 pounds
Tick Size
0.00025 per pound ($10.00 per contract)
Trading Hours
8:30a.m. - 1:05p.m. (Settles 1:00p.m.) CST
Exchange
CME
Point Value
$400
Margin/Maintenance
$1,650/1,500
First Notice Date
06/14/24 (111 days)
Expiration Date
06/14/24 (111 days)

Seasonal Chart

Lean Hogs Jun '24
Average Price Chart for 5 Prior Jun Contracts

Commitment of Traders Positions as of Feb 20, 2024

View Chart Details
Commercials - Long / Short
81,580 (-1,367)
93,177 (+13,473)
Non-Commercials - Long / Short
82,762 (+11,834)
66,266 (-3,083)
Producers - Long / Short
15,403 (-4,607)
83,219 (+12,105)
Swap Dealers - Long / Short
61,085 (+2,139)
4,866 (+267)
Managed Money - Long / Short
62,204 (+10,738)
14,152 (-2,776)
Other Reportables - Long / Short
20,558 (+1,096)
52,114 (-307)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

See More
Period Period Low Period High Performance
1-Month
92.925 +6.94%
on 01/24/24
99.875 -0.50%
on 02/23/24
+6.025 (+6.45%)
since 01/23/24
3-Month
87.550 +13.51%
on 01/02/24
99.875 -0.50%
on 02/23/24
+6.175 (+6.63%)
since 11/22/23
52-Week
87.550 +13.51%
on 01/02/24
101.100 -1.71%
on 02/28/23
-1.400 (-1.39%)
since 02/23/23

More Lean Hogs Quotes

All Futures Prices
Please wait...

Most Recent Stories

More News
Grain deluge continues while higher vs. exp placements seen in Cattle-on-Feed

Next USDA grain reports on March 8th

Cattle Rally Triple Digits into Monthly Report

Live cattle futures were up by $1.32 to $2.10 on Friday with a triple digit bounce into the CoF report. Feeders closed up by as much as 1.3% on the last trade day of the week, leaving March up by $3.55...

LEG24 : 185.600s (+1.14%)
LEJ24 : 187.900s (+0.72%)
LEM24 : 183.875s (+0.64%)
GFH24 : 254.575s (+1.00%)
GFJ24 : 259.975s (+1.28%)
Hog Futures Push Higher into Weekend

The lean hog market ended Friday with another 45 to 60 cent gains, which left April $1.97 higher for the week. The July contract closed +$100 for the first time since Feb 2023. USDA’s National Average...

HEJ24 : 87.200s (unch)
HEM24 : 99.375s (+0.45%)
KMJ24 : 93.225s (-0.03%)
Pure Hedge - Livestock and Grain

The 52-Week Low In March'24 Soybeans Has Changed

Shootin' the Bull about a lot of cattle on feed

Lastly, I just saw the on-feed report as I am finishing this up and there were 4% more cattle placed than thought, with expectations of sharply higher placements in February, potentially producing a well...

Grain Market Recap & 2-Minute Drill

Don't miss our weekly grain market recap along with Friday's 2-Minute Drill!

Cattle on Feed

Cattle on Feed - 2024-02-23

FCJ24 : 259.975s (+1.28%)
GFJ24 : 259.975s (+1.28%)
LCJ24 : 187.900s (+0.72%)
LEJ24 : 187.900s (+0.72%)
Hogs Pushing Upside into Weekend

Friday’s 15 to 70 cent gains are keeping the lean hog market off the week’s high for the weekend, but April is still at a net $2.15 gain WTDUSDA’s National Average Base Hog price increased by 58...

HEJ24 : 87.200s (unch)
HEK24 : 90.850s (+0.58%)
KMJ24 : 93.225s (-0.03%)
Cattle Rallying into Monthly Report

After a cooldown on Thursday, the live cattle market is up by $1.37 to $1.92 for Friday’s midday. Feeders are trading up by as much as $3. CME had 48 contracts retendered for Feb cattle futures deliveries....

LEG24 : 185.600s (+1.14%)
LEJ24 : 187.900s (+0.72%)
LEM24 : 183.875s (+0.64%)
LEY00 : 179.000s (unch)
GFH24 : 254.575s (+1.00%)
GFJ24 : 259.975s (+1.28%)
NASS CoF Data Due After the Close

Cattle futures were lower on Thursday as traders squared up positions ahead of today’s USDA Cattle on Feed report. Fats stayed 47 cents to $1.15 weaker for the bell, with April 30 cents of the session...

LEG24 : 185.600s (+1.14%)
LEJ24 : 187.900s (+0.72%)
LEM24 : 183.875s (+0.64%)
GFH24 : 254.575s (+1.00%)
GFJ24 : 259.975s (+1.28%)

Barchart Trading Guide

The Barchart Trading Guide is a Buy Signal with a Soft Signal Strength.

Key Turning Points

3rd Resistance Point 101.208
2nd Resistance Point 100.542
1st Resistance Point 99.958
Last Price 99.375s
1st Support Level 98.708
2nd Support Level 98.042
3rd Support Level 97.458

See More

52-Week High 101.100
Last Price 99.375s
Fibonacci 61.8% 95.924
Fibonacci 50% 94.325
Fibonacci 38.2% 92.726
52-Week Low 87.550

See More

by Barchart
Solutions for Ag Professionals barchart.com/cmdty
Data and Statistics for Meats
Explore Data
cmdtyView Pro for Livestock Professionals
Start Free Trial
We help Ag Professionals make better decisions
Learn Now
Want to use this as
your default charts setting?
Save this setup as a Chart Templates
Switch the Market flag
for targeted data from your country of choice.
Open the menu and switch the
Market flag for targeted data from your country of choice.
Want Streaming Chart Updates?
Switch your Site Preferences
to use Interactive Charts
Need More Chart Options?
Right-click on the chart to open the Interactive Chart menu.

Free Barchart Webinar