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Lean Hogs May '24 (HEK24)
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Lean Hogs Futures Market News and Commentary

Hogs Closed Higher on Thursday

The bonus day for the month of Feb finished with the lean hog board 27 to 67 cents stronger. April futures were a net $1.80 higher for the month. USDA’s National Average Base Hog price was $1.02 stronger to $75.49 for Thursday. The CME Lean Hog Index was $79.91 up by 13 cents for 2/27.  

The weekly pork Export Sales were 32.4k MT for the week ending 2/22. That was a 12% increase for the week led by sales to Mexico and South Korea. USDA had shipments at 33k MT for the week for a yearly total of 257.2k MT. That remains 10% ahead of last year’s pace. 

The Pork Carcass Cutout Value for Thursday was 12 cents weaker at $90.22. USDA estimated the FI hog slaughter for the week through Thursday at 1.965 million head compared to 1.96m last week and 1.93m during the same week last year.  

 

Apr 24 Hogs  closed at $86.625, up $0.625,

May 24 Hogs  closed at $90.725, up $0.275

Apr 24 Pork Cutout  closed at $93.300, down $0.000,

On the date of publication, A... Read more

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
$1,650/1,500
First Notice Date
05/14/24 (75 days)
Expiration Date
05/14/24 (75 days)

Seasonal Chart

Lean Hogs May '24
Average Price Chart for 5 Prior May 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

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Period Period Low Period High Performance
1-Month
85.100 +6.61%
on 02/08/24
91.425 -0.77%
on 02/29/24
+2.675 (+3.04%)
since 01/29/24
3-Month
79.250 +14.48%
on 01/02/24
91.425 -0.77%
on 02/29/24
+7.050 (+8.43%)
since 11/29/23
52-Week
79.250 +14.48%
on 01/02/24
96.375 -5.86%
on 03/01/23
-6.225 (-6.42%)
since 02/28/23

More Lean Hogs Quotes

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Most Recent Stories

More News
Cattle Continued Fading into Month’s End

The live cattle market ended the last trade day of the month with 60 to 95 cent losses. Despite that, April was still up by a net $4.65 for the month’s move. Feb cattle expired at $184 flat. Feeder cattle...

LEG24 : 184.000s (-0.35%)
LEJ24 : 185.350s (-0.42%)
LEM24 : 181.225s (-0.52%)
GFH24 : 249.000s (-0.24%)
GFJ24 : 253.725s (-0.54%)
Hogs Closed Higher on Thursday

The bonus day for the month of Feb finished with the lean hog board 27 to 67 cents stronger. April futures were a net $1.80 higher for the month. USDA’s National Average Base Hog price was $1.02 stronger...

HEJ24 : 86.625s (+0.73%)
HEM24 : 100.200s (+0.65%)
KMJ24 : 93.300s (unch)
Shootin' the Bull about the agenda

The agenda is strengthening.  The methodical pace of slaughter is pulling box beef higher, as well as carcass weights.

Agricultural Prices

Agricultural Prices - 2024-02-29

ZSK24 : 1140-6 (unch)
ZSPAUS.CM : 10.7698 (-0.75%)
ZSBAUS.CM : -0.5127 (-4.80%)
ZSDAUS-BIW.CM : 4,506,573 (unch)
ZSYAUS-BIW.CM : 52.03 (unch)
XSK24 : 3,534s (+0.11%)
XTK24 : 4,508s (-0.38%)
ZCK24 : 429-2 (unch)
ZCPAUS.CM : 3.9942 (+0.63%)
ZCBAUS.CM : -0.1632 (+0.06%)
XVK24 : 2,456s (-0.08%)
XEU24 : 59.21 (+0.14%)
Hogs Finishing Feb with Gains

The bonus day for the month of Feb has lean hog futures trading 72 to $1.10 higher. April hogs have seen a $9.23 range through the month of February, and are at a net $2.15 gain for the month. USDA’s...

HEJ24 : 86.625s (+0.73%)
HEK24 : 90.725s (+0.30%)
KMJ24 : 93.300s (unch)
Cattle Continue Fading into Month’s End

Nearby cattle futures are down by as much as 55 cents. Feb futures expire at the close, currently $2 under the April contract. April cattle are at a net $5.30 gain for the month’s move. Current feeder...

LEG24 : 184.000s (-0.35%)
LEJ24 : 185.350s (-0.42%)
LEM24 : 181.225s (-0.52%)
LEY00 : 183.000s (unch)
GFH24 : 249.000s (-0.24%)
GFJ24 : 253.725s (-0.54%)
Hogs Closed Firm on Wednesday

Hog futures were in the black at the close, though by more than $1 under the day’s highs. Futures went home 7 to 35 cents higher across the front months. USDA’s National Average Base Hog price increased...

HEJ24 : 86.625s (+0.73%)
HEM24 : 100.200s (+0.65%)
KMJ24 : 93.300s (unch)
April Hogs, What To Look For From A 78.6% Fibonacci Retracement.

Educational and Actionable information using Fibonacci and W.D. Gann analysis.

HEJ24 : 86.625s (+0.73%)
Hogs Closed Firm on Wednesday

Hog futures were in the black at the close, though by more than $1 under the day’s highs. Futures went home 7 to 35 cents higher across the front months. USDA’s National Average Base Hog price increased...

HEJ24 : 86.625s (+0.73%)
HEM24 : 100.200s (+0.65%)
KMJ24 : 93.300s (unch)
Feeder Cattle Drop on Wednesday

Front month feeder cattle futures were down by $2.72 to $3.85 with losses of as much as 1.5% on the day. The fats also faded by triple digits for a midweek pullback, though weakness was limited to 0.85%....

LEG24 : 184.000s (-0.35%)
LEJ24 : 185.350s (-0.42%)
LEM24 : 181.225s (-0.52%)
GFH24 : 249.000s (-0.24%)
GFJ24 : 253.725s (-0.54%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 92.158
2nd Resistance Point 91.792
1st Resistance Point 91.258
Last Price 90.725s
1st Support Level 90.358
2nd Support Level 89.992
3rd Support Level 89.458

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52-Week High 96.375
Last Price 90.725s
Fibonacci 61.8% 89.833
Fibonacci 50% 87.813
Fibonacci 38.2% 85.792
52-Week Low 79.250

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