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Lean Hogs Jun '24 (HEM24)

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Lean Hogs Futures Market News and Commentary

Hogs Mixed on Friday

Lean hogs closed out the Friday session with contracts mixed, anywhere from 30 cents lower to 40 cents higher. The USDA National Base Hog price was reported at $82.13 on Friday afternoon, down $2.38 from the day prior. The CME Lean Hog Index was $91.39 on July 24, up 62 cents from the previous day. 

Spec traders in lean hog futures and options slashed 7,174 contracts from their net short as of last Tuesday to 4,430 contracts. 

USDA’s FOB plant pork cutout values slipped back in the Friday afternoon average carcass quote, down 78 cents at $105.17 per cwt. Just the belly and picnic were reported higher. USDA estimated the weekly FI hog slaughter at 2.436 million head. That is up 64,000 head from last week and 37,545 head above the year ago.

Aug 24 Hogs  closed at $93.475, down $0.300,

Oct 24 Hogs  closed at $78.200, up $0.400

Dec 24 Hogs  closed at $70.325, up $0.375,

On the date of publication, Alan Brugler did not have (either directly or indirectly... 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
06/14/24
Expiration Date
06/14/24 (expired)

Seasonal Chart

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

Commitment of Traders Positions as of Jul 23, 2024

View Chart Details
Commercials - Long / Short
96,848 (-2,875)
69,491 (-2,355)
Non-Commercials - Long / Short
83,360 (+1,988)
109,180 (+1,415)
Producers - Long / Short
20,009 (-3,927)
52,590 (-1,015)
Swap Dealers - Long / Short
63,395 (+1,916)
3,457 (-476)
Managed Money - Long / Short
54,472 (+3,911)
60,630 (-3,910)
Other Reportables - Long / Short
28,888 (-1,923)
48,550 (+5,325)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
91.150 +0.03%
on 06/14/24
100.100 -8.92%
on 05/16/24
-7.150 (-7.27%)
since 05/14/24
3-Month
91.150 +0.03%
on 06/14/24
109.650 -16.85%
on 04/10/24
-10.250 (-10.11%)
since 03/14/24
52-Week
87.550 +4.14%
on 01/02/24
109.650 -16.85%
on 04/10/24
-5.025 (-5.22%)
since 06/14/23

More Lean Hogs Quotes

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Most Recent Stories

More News
Hogs Mixed on Friday

Lean hogs closed out the Friday session with contracts mixed, anywhere from 30 cents lower to 40 cents higher. The USDA National Base Hog price was reported at $82.13 on Friday afternoon, down $2.38 from...

HEQ24 : 93.475s (-0.32%)
HEV24 : 78.200s (+0.51%)
HEZ24 : 70.325s (+0.54%)
Cattle Post Mixed Trade, with Feeders Rallying

Live cattle futures saw mixed trade on Friday, with contracts anywhere from 37 cents lower to 50 cents higher. Cash trade was quiet this week, with a few sales of $190 in the South and $197-198 in the...

LEQ24 : 188.575s (-0.17%)
LEV24 : 188.550s (-0.03%)
LEZ24 : 189.300s (+0.21%)
GFQ24 : 259.700s (+0.42%)
GFU24 : 259.600s (+0.66%)
GFV24 : 258.300s (+0.48%)
Shootin' the Bull about gaining market share

In my opinion, the function of maintaining a historical high for cattle, when found to be no variations in beef production year over year, leads me to lean towards the trading being more of an attempt...

Hogs Mixed, with Cutout Staying Firm

Lean hogs are trading mixed across the board on Friday, as contracts are mostly 30 ti 50 cents higher and August down a nickel. The USDA National Base Hog price was reported at $82.13 on Friday morning....

HEQ24 : 93.475s (-0.32%)
HEV24 : 78.200s (+0.51%)
HEZ24 : 70.325s (+0.54%)
Cattle Trading Mostly Higher

Live cattle futures are showing 5 to 35 cent gains in most contracts on Fruday, with August down 15 cents. Cash trade has been quiet this week, with a few lighter sales of $190 in the South. A couple northern...

LEQ24 : 188.575s (-0.17%)
LEV24 : 188.550s (-0.03%)
LEZ24 : 189.300s (+0.21%)
GFQ24 : 259.700s (+0.42%)
GFU24 : 259.600s (+0.66%)
GFV24 : 258.300s (+0.48%)
Are Cattle Futures on the Verge of a BIGGER Breakout Move?

Cattle futures rallied to their highest levels since last Fall. How much more upside is left?

Cattle Strength Continues this Week

Live cattle futures closed out the Thursday session with gains of 15 cents to $2.325. Cash trade has been quiet this week, with Thursday’s Central Stockyards Fed Cattle Exchange auction showing sales...

LEQ24 : 188.575s (-0.17%)
LEV24 : 188.550s (-0.03%)
LEZ24 : 189.300s (+0.21%)
GFQ24 : 259.700s (+0.42%)
GFU24 : 259.600s (+0.66%)
GFV24 : 258.300s (+0.48%)
Hogs Mixed on Thursday, With Pork Stocks Showing Seasonal Decline

Lean hogs closed Thursday Mixed, with front months steady to 25 cents lower and others 7 to 27 cents higher. The USDA National Base Hog price was reported at $84.51 on Thursday afternoon, down 79 cents...

HEQ24 : 93.475s (-0.32%)
HEV24 : 78.200s (+0.51%)
HEZ24 : 70.325s (+0.54%)
Cattle Rally on Thursday, to Follow Stronger Cash Bids

Live cattle futures closed out the Thursday session with gains of 15 cents to $2.325. Cash trade has been quiet this week, with Thursday’s Central Stockyards Fed Cattle Exchange auction showing sales...

LEQ24 : 188.575s (-0.17%)
LEV24 : 188.550s (-0.03%)
LEZ24 : 189.300s (+0.21%)
GFQ24 : 259.700s (+0.42%)
GFU24 : 259.600s (+0.66%)
GFV24 : 258.300s (+0.48%)
Hogs Post Mixed Trade on Thursday

Lean hogs closed Thursday Mixed, with front months steady to 25 cents lower and others 7 to 27 cents higher. The USDA National Base Hog price was reported at $84.51 on Thursday afternoon, down 79 cents...

HEQ24 : 93.475s (-0.32%)
HEV24 : 78.200s (+0.51%)
HEZ24 : 70.325s (+0.54%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 91.708
2nd Resistance Point 91.592
1st Resistance Point 91.383
Last Price 91.175s
1st Support Level 91.058
2nd Support Level 90.942
3rd Support Level 90.733

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52-Week High 109.650
Fibonacci 61.8% 101.208
Fibonacci 50% 98.600
Fibonacci 38.2% 95.992
Last Price 91.175s
52-Week Low 87.550

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