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Lean Hogs May '26 (HEK26)

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Lean Hogs Futures Market News and Commentary

Hogs Trading with Tuesday Weakness

Lean hog futures are showing 40 to 60 cent losses at midday, as April is steady ahead of the Wednesday expiration. USDA’s national base hog price was reported at $90.26 on Tuesday morning, up $1.03 from the day prior. The CME Lean Hog Index was back down a penny on April 10 at $90.27. 

USDA’s pork carcass cutout value from the Tuesday AM report was up 38 cents at $99.52 per cwt. The loin, butt, and belly primals were reported lower. USDA estimated Monday’s federally inspected hog slaughter at 492,000 head. That was 125,000 head above the previous week and 7,334 head above the same week last year.

Apr 26 Hogs  are at $90.500, unch,,

May 26 Hogs  are at $94.400, down $0.450

Jun 26 Hogs are at $102.600, down $0.525,

On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational pu... 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
$1,870/1,700
First Notice Date
05/14/26 (30 days)
Expiration Date
05/14/26 (30 days)

Seasonal Chart

Lean Hogs May '26
Average Price Chart for 5 Prior May Contracts

Commitment of Traders Positions as of Apr 7, 2026

View Chart Details
Commercials - Long / Short
114,438 (-747)
154,708 (+2,481)
Non-Commercials - Long / Short
124,530 (+3,863)
78,069 (+1,113)
Producers - Long / Short
34,601 (+971)
139,608 (+2,361)
Swap Dealers - Long / Short
77,236 (-1,359)
12,499 (+479)
Managed Money - Long / Short
110,185 (+4,033)
21,459 (+829)
Other Reportables - Long / Short
14,345 (-170)
56,610 (+284)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
93.950 +0.29%
on 04/14/26
99.075 -4.90%
on 03/16/26
-4.175 (-4.24%)
since 03/13/26
3-Month
93.950 +0.29%
on 04/14/26
103.075 -8.59%
on 02/04/26
-2.350 (-2.43%)
since 01/14/26
52-Week
83.250 +13.18%
on 04/15/25
103.075 -8.59%
on 02/04/26
+11.625 (+14.07%)
since 04/14/25

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Most Recent Stories

More News
Shootin' the Bull about having your cake and eating it to!

While unsure if a higher fat price this week will turn negative margins to plus for cattle feeders, I can't recall a time when the industry has been able to have its cake and eat it to.

Cattle and Wheat Lead the Way in Tuesday’s Trade

Wheat futures were the leader in today’s grain trade, is a bigger breakout looming? Corn and soybeans continued to chop around, while cattle posted another strong performance.

Hogs Trading with Tuesday Weakness

Lean hog futures are showing 40 to 60 cent losses at midday, as April is steady ahead of the Wednesday expiration. USDA’s national base hog price was reported at $90.26 on Tuesday morning, up $1.03 from...

HEK26 : 94.225s (-0.66%)
HEJ26 : 90.500s (unch)
HEM26 : 102.450s (-0.65%)
Cattle Rallying on Tuesday

Live cattle futures are up $1.95 to $2.80 in most contracts on Tuesday. Last week’s cash trade was at $246-249 in the South, with some northern action near $249-250. Monday had some cleanup trade at...

LEQ26 : 246.525s (+0.85%)
LEM26 : 251.425s (+1.17%)
LEJ26 : 252.550s (+0.76%)
GFK26 : 374.850s (+0.54%)
GFJ26 : 375.875s (+0.37%)
GFQ26 : 375.825s (+0.67%)
Lean Hogs Might Not Stand a Chance Against the Bears: When to Sell

June lean hog futures present a selling opportunity on more price weakness.

HEM26 : 102.450s (-0.65%)
HEM26 : 102.450s (-0.65%)
Are we nearing a top for cattle and low for hogs?

Cattle futures continued to linger near the contract highs while lean hogs saw additional technical pressure. Prices and indicators are nearing an inflection point.

Hogs Look to Tuesday Following Mixed Monday Action

Lean hog futures closed the Monday session with front months down a nickel to 67 cents and deferreds 7 to 42 cents higher. USDA’s national base hog price was reported at $89.04 on Monday afternoon, down...

HEK26 : 94.225s (-0.66%)
HEJ26 : 90.500s (unch)
HEM26 : 102.450s (-0.65%)
Cattle Traders Shift Focus to Tuesday

Live cattle futures were mixed on Monday, with contracts $1.125 lower to 40 cents higher at the close. Last week’s cash trade was at $246-249 in the South, with some northern action near $249-250. Feeder...

LEQ26 : 246.525s (+0.85%)
LEM26 : 251.425s (+1.17%)
LEJ26 : 252.550s (+0.76%)
GFK26 : 374.850s (+0.54%)
GFJ26 : 375.875s (+0.37%)
GFQ26 : 375.825s (+0.67%)
Cattle Close Mixed on Monday, with Feeders Posting Strength

Live cattle futures were mixed on Monday, with contracts $1.125 lower to 40 cents higher at the close. Last week’s cash trade was at $246-249 in the South, with some northern action near $249-250. Feeder...

LEQ26 : 246.525s (+0.85%)
LEM26 : 251.425s (+1.17%)
LEJ26 : 252.550s (+0.76%)
GFK26 : 374.850s (+0.54%)
GFJ26 : 375.875s (+0.37%)
GFQ26 : 375.825s (+0.67%)
Hogs Close Mixed on Monday

Lean hog futures closed the Monday session with front months down a nickel to 67 cents and deferreds 7 to 42 cents higher. USDA’s national base hog price was reported at $89.04 on Monday afternoon, down...

HEK26 : 94.225s (-0.66%)
HEJ26 : 90.500s (unch)
HEM26 : 102.450s (-0.65%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 96.050
2nd Resistance Point 95.575
1st Resistance Point 94.900
Last Price 94.225s
1st Support Level 93.750
2nd Support Level 93.275
3rd Support Level 92.600

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52-Week High 103.075
Fibonacci 61.8% 95.502
Last Price 94.225s
Fibonacci 50% 93.162
Fibonacci 38.2% 90.823
52-Week Low 83.250

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