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Lean Hogs Jun '24 (HEM24)

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Lean Hogs Futures Market News and Commentary

Hogs Mostly Lower on Wednesday

Hogs are down 15 to 52 cents across most contracts, with exception to a 12 cent gain in the August.  USDA’s National Average Base Hog negotiated price was up $2.31 at $88.45 in this morning report. The CME Lean Hog Index was another 25 cents higher at $90.98 on April 15. 

USDA’s National Pork Carcass Cutout Value was slightly higher in the Wednesday morning report, up 16 cents at $99.17. The loin ($2.10), butt ($1.92), and picnic ($0.98) primals were all reported higher with the other primals slipping lower. USDA estimated Tuesday’s federally inspected hog slaughter at 486,000 head, bringing the weekly total to 968,000 head. That is 29,000 head above last week and a 20,067 head increase from the same week last year. 

May 24 Hogs  are at $94.200, down $0.525,

Jun 24 Hogs  are at $102.350, down $0.475

Jul 24 Hogs  is at $103.875, down $0.150,

On the date of publication, Alan Brugler did not have (either directly or indirectly) positions in any of the securi... 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 (58 days)
Expiration Date
06/14/24 (58 days)

Seasonal Chart

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

Commitment of Traders Positions as of Apr 9, 2024

View Chart Details
Commercials - Long / Short
104,697 (+6,344)
148,652 (+13,937)
Non-Commercials - Long / Short
128,394 (+21,555)
76,179 (+12,475)
Producers - Long / Short
26,056 (+4,311)
131,831 (+13,468)
Swap Dealers - Long / Short
73,031 (+2,323)
11,211 (+759)
Managed Money - Long / Short
102,773 (+19,058)
9,669 (+1,126)
Other Reportables - Long / Short
25,621 (+2,497)
66,510 (+11,349)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
98.625 +3.98%
on 03/22/24
109.650 -6.48%
on 04/10/24
+0.075 (+0.07%)
since 03/15/24
3-Month
91.075 +12.60%
on 01/18/24
109.650 -6.48%
on 04/10/24
+10.375 (+11.26%)
since 01/17/24
52-Week
87.550 +17.13%
on 01/02/24
109.650 -6.48%
on 04/10/24
+7.850 (+8.29%)
since 04/17/23

More Lean Hogs Quotes

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Most Recent Stories

More News
Hogs Mostly Lower on Wednesday

Hogs are down 15 to 52 cents across most contracts, with exception to a 12 cent gain in the August. USDA’s National Average Base Hog negotiated price was up $2.31 at $88.45 in this morning report. The...

HEK24 : 94.925s (+0.21%)
HEM24 : 102.725s (-0.10%)
HEN24 : 104.300s (+0.26%)
Cattle Pulling Back After Early Week Gains

Live cattle futures are down anywhere from a quarter to $1.45 at midday. Cash action has been quiet this week. The Central Stockyards Fed Cattle Exchange saw no sales on the 1,376 head listed, with bids...

LEJ24 : 180.900s (-0.33%)
LEM24 : 175.325s (-0.23%)
LEQ24 : 172.775s (-0.09%)
GFJ24 : 240.425s (+0.03%)
GFK24 : 240.275s (-0.29%)
GFQ24 : 252.125s (-0.09%)
Cattle Rally

Cattle futures were able to stage an impressive relief rally in yesterday's trade but are approaching resistance.  Will the Bulls be able to keep the momentum going?

Hogs Look to Wednesday Trade

Lean hogs posted gains of anywhere from a tick to 40 cents on Tuesday. December was the lone exception, a dime lower. USDA’s National Average Base Hog negotiated price was up $3.33 at $86.04 in this...

HEK24 : 94.925s (+0.21%)
HEM24 : 102.725s (-0.10%)
HEN24 : 104.300s (+0.26%)
Cattle Bulls Working on First Winning Streak Since February

Live cattle continued the rally from Monday with contracts closing $1.20 to $1.90 higher at the close on Tuesday. A higher close today would make it 3 days in a row for the first time in nearly 2 months....

LEJ24 : 180.900s (-0.33%)
LEM24 : 175.325s (-0.23%)
LEQ24 : 172.775s (-0.09%)
GFJ24 : 240.425s (+0.03%)
GFK24 : 240.275s (-0.29%)
GFQ24 : 252.125s (-0.09%)
Hogs Higher on Turnaround Tuesday

Lean hogs posted gains of anywhere from a tick to 40 cents on Tuesday. December was the lone exception, a dime lower. USDA’s National Average Base Hog negotiated price was up $3.33 at $86.04 in this...

HEK24 : 94.925s (+0.21%)
HEM24 : 102.725s (-0.10%)
HEN24 : 104.300s (+0.26%)
Cattle Rally On Tuesday

Live cattle continued the rally on Tuesday with contracts closing $1.20 to $1.90 higher at the close. Still no deliveries have been scheduled against April futures as of Tuesday. Cash action has been quiet...

LEJ24 : 180.900s (-0.33%)
LEM24 : 175.325s (-0.23%)
LEQ24 : 172.775s (-0.09%)
GFJ24 : 240.425s (+0.03%)
GFK24 : 240.275s (-0.29%)
GFQ24 : 252.125s (-0.09%)
"Shootin' the Bull" on video today!

Grains and oilseeds were lower and are expected to continue lower.

Cattle Extending Rally into Tuesday

Live cattle are posting an extension of Monday’s rally on Tuesday, with gains of $1.05 to $1.77. Cash action was quiet on Monday, with last week reported @ $182 in the South and Northern action at $293-295...

LEJ24 : 180.900s (-0.33%)
LEM24 : 175.325s (-0.23%)
LEQ24 : 172.775s (-0.09%)
GFJ24 : 240.425s (+0.03%)
GFK24 : 240.275s (-0.29%)
GFQ24 : 252.125s (-0.09%)
Hogs Higher on Turnaround Tuesday for Some

Lean hogs are trading with 20 to 55 cent gains on Tuesday. USDA’s National Average Base Hog negotiated price was reported at $86.14 in this morning’s report up 43 cents from yesterday afternoon’s...

HEK24 : 94.925s (+0.21%)
HEM24 : 102.725s (-0.10%)
HEN24 : 104.300s (+0.26%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 105.983
2nd Resistance Point 105.092
1st Resistance Point 103.958
Last Price 102.725s
1st Support Level 101.933
2nd Support Level 101.042
3rd Support Level 99.908

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52-Week High 109.650
Last Price 102.725s
Fibonacci 61.8% 101.208
Fibonacci 50% 98.600
Fibonacci 38.2% 95.992
52-Week Low 87.550

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