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Lean Hogs May '23 (HEK23)

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Lean Hogs Futures Market News and Commentary

Hogs Futures Look to Find Footing

Lean hog futures ended the Tuesday session mostly lower, except for the May contract which was up by 40 cents. The other front months were down by 10 to 30 cents at the bell. USDA’s National Average Base Hog price was $70.85 on Tuesday’s PM update, which was 77 cents higher. The CME Lean Hog Index was another 7 cents stronger on 1/27 to $72.71.  

The Chinese Ag Ministry counted the national sow herd at 43.9m head for December. That was a 0.6% increase month to month and was 1.4% above Dec ’21. 

Pork cutout futures settled mixed within 20 cents of UNCH. USDA’s National Pork Carcass Cutout value for Tuesday afternoon was 3 cents lower to $80.25. USDA estimated the FI hog slaughter at 483,000 head for Tuesday, with Monday revised 16,000 head lower and taking the WTD total to 958,000 head. That is down 15,000 head wk/wk but is 3,000 head above the same week last year.

Feb 23 Hogs  closed at $74.875, down $0.275,

Apr 23 Hogs  closed at $86.425, down $0.100

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Contract Specifications

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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
$1,925/1,750
First Notice Date
05/12/23 (100 days)
Expiration Date
05/12/23 (100 days)

Seasonal Chart

Lean Hogs May '23
Average Price Chart for 5 Prior May Contracts

Commitment of Traders Positions as of Jan 24, 2023

View Chart Details
Commercials - Long / Short
75,927 (+1,085)
76,609 (-9,172)
Non-Commercials - Long / Short
66,938 (+3,865)
63,772 (+16,606)
Producers - Long / Short
20,455 (+2,038)
68,416 (-8,645)
Swap Dealers - Long / Short
49,849 (-143)
2,570 (+283)
Managed Money - Long / Short
44,134 (+886)
49,374 (+15,016)
Other Reportables - Long / Short
22,804 (+2,979)
14,398 (+1,590)
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Price Performance

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Period Period Low Period High Performance
1-Month
92.225 +1.82%
on 01/26/23
100.500 -6.57%
on 01/04/23
-6.800 (-6.75%)
since 12/30/22
3-Month
92.225 +1.82%
on 01/26/23
102.150 -8.08%
on 12/27/22
-4.150 (-4.23%)
since 11/01/22
52-Week
88.225 +6.43%
on 10/04/22
102.150 -8.08%
on 12/27/22
+4.125 (+4.59%)
since 02/01/22

More Lean Hogs Quotes

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Most Recent Stories

More News
Livestock Rundown (Video)

Blue Line's look into the livestock markets.

Hogs Futures Look to Find Footing

Lean hog futures ended the Tuesday session mostly lower, except for the May contract which was up by 40 cents. The other front months were down by 10 to 30 cents at the bell. USDA’s National Average...

HEG23 : 74.850 (-0.03%)
HEK23 : 93.825 (-1.68%)
KMG23 : 82.750s (-0.21%)
Cattle Looks to Wednesday Trade Following Inventory Report

Nearby cattle settled mixed but mostly lower and within 40 cents of UNCH on pre-report positioning. The feeder cattle market was up by triple digits ahead of the Inventory report, led by a 1.21% gain in...

LEG23 : 158.650 (-0.13%)
LEJ23 : 162.475 (-0.34%)
LEM23 : 158.725 (-0.27%)
GFH23 : 183.850 (-1.24%)
GFJ23 : 188.225 (-0.96%)
Where's the Beef (Demand)?

The US beef market continues to get more complicated as boxed beef prices fall and cast cattle prices continue to rise, all while global demand is being called into question.

LEG23 : 158.650 (-0.13%)
LEY00 : 156.000s (unch)
Hogs Pull Back on Tuesday

Lean hog futures ended the Tuesday session mostly lower, except for the May contract which was up by 40 cents. The other front months were down by 10 to 30 cents at the bell. USDA’s National Average...

HEG23 : 74.850 (-0.03%)
HEK23 : 93.825 (-1.68%)
KMG23 : 82.750s (-0.21%)
Cattle Close Mixed for NASS Numbers

Nearby cattle traded in a mostly tight range, and settled mixed but mostly lower within 40 cents of UNCH for pre-report positioning. The feeder cattle market was up by triple digits ahead of the report,...

LEG23 : 158.650 (-0.13%)
LEJ23 : 162.475 (-0.34%)
LEM23 : 158.725 (-0.27%)
GFH23 : 183.850 (-1.24%)
GFJ23 : 188.225 (-0.96%)
Livestock Report

Cattle makes new high and feeders rally

Hog Commentary

Hog markets were lower today with another session of wide ranges. Although the high of the day was the opening price, the market bounced off of it’s lows to settle at 86.425 for the April contract. The...

Cattle Inventory Report Snapshot

All cattle and calves in the United States as of January 1, 2023 totaled 89.3 million head, 3 percent below the 92.1 million head on January 1, 2022.

Agricultural Prices

Agricultural Prices - 2023-01-31

ZSH23 : 1523-2 (-0.96%)
ZSPAUS.CM : 14.8417 (-0.85%)
ZSBAUS.CM : -0.3908 (+4.91%)
ZSDAUS-BIW.CM : 4,765,538 (+0.08%)
ZSYAUS-BIW.CM : 52.96 (+0.11%)
XSH23 : 5,063s (+0.74%)
XTK23 : 5,516s (-0.27%)
ZCH23 : 676-2 (-0.51%)
ZCPAUS.CM : 6.7913 (-0.17%)
ZCBAUS.CM : 0.0288 (+443.40%)
XVH23 : 2,859s (-1.07%)
XEH23 : 89.36 (+0.40%)

Barchart Trading Guide

The Barchart Trading Guide is a Sell Signal with a Weak Signal Strength.

Key Turning Points

3rd Resistance Point 97.567
2nd Resistance Point 96.658
1st Resistance Point 96.042
Last Price 93.825
1st Support Level 94.517
2nd Support Level 93.608
3rd Support Level 92.992

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52-Week High 102.150
Fibonacci 61.8% 96.831
Fibonacci 50% 95.188
Last Price 93.825
Fibonacci 38.2% 93.544
52-Week Low 88.225

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