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Lean Hogs Dec '23 (HEZ23)

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Lean Hogs Futures Market News and Commentary

Hog Grind Lower

Lean hogs closed the Tuesday session with contracts steady to 62 cents lower across the board. USDA’s National Average Base Hog negotiated price was reported at $88.20 on Tuesday afternoon, up $1.77 from day prior. The CME Lean Hog Index was down 7 cents on May 17 at $92.22.

USDA’s National Pork Carcass Cutout Value was down $1.08 in the Tuesday PM report at $100.69. The loin led the primals to the downside with a $4.60 loss, as the picnic was down $1.02 and belly $1 lower. USDA estimated Tuesday’s federally inspected hog slaughter at 480,000 head, with the WTD total at 957,000 head. That is up 16,000 head from the week prior and 8,826 head above the same week last year. 

Jun 24 Hogs  closed at $96.400, down $0.525,

Jul 24 Hogs  closed at $99.325, down $0.625

Aug 24 Hogs  closed at $98.575, down $0.625,

On the date of publication, Alan Brugler did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All in... 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
12/14/23
Expiration Date
12/14/23 (expired)

Seasonal Chart

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

Commitment of Traders Positions as of May 14, 2024

View Chart Details
Commercials - Long / Short
101,191 (-2,568)
127,635 (-7,887)
Non-Commercials - Long / Short
93,393 (-7,219)
61,352 (-904)
Producers - Long / Short
18,661 (-13)
109,575 (-5,031)
Swap Dealers - Long / Short
74,147 (+257)
9,677 (-44)
Managed Money - Long / Short
69,829 (-6,417)
12,727 (+2,519)
Other Reportables - Long / Short
23,564 (-802)
48,625 (-3,423)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
66.725 +0.67%
on 12/07/23
72.375 -7.18%
on 11/15/23
-5.125 (-7.09%)
since 11/14/23
3-Month
65.400 +2.71%
on 10/20/23
78.700 -14.64%
on 09/20/23
-7.925 (-10.55%)
since 09/14/23
52-Week
65.400 +2.71%
on 10/20/23
85.500 -21.43%
on 02/22/23
-16.300 (-19.53%)
since 12/14/22

More Lean Hogs Quotes

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Most Recent Stories

More News
Cattle Look to Midweek Session After Resuming Gains

Live cattle posted higher trade on Tuesday, with contracts closing 75 cent to $1.87 higher. Cash trade this week has been quiet so far, with a few light trades of $192 in the north being picked up. USDA...

LEM24 : 183.725 (+0.41%)
LEQ24 : 181.100 (+0.37%)
LEV24 : 184.050 (+0.49%)
GFK24 : 249.825 (+0.35%)
GFQ24 : 262.125 (+0.89%)
GFU24 : 263.175 (+0.79%)
Hog Grind Lower

Lean hogs closed the Tuesday session with contracts steady to 62 cents lower across the board. USDA’s National Average Base Hog negotiated price was reported at $88.20 on Tuesday afternoon, up $1.77...

HEM24 : 95.250 (-1.19%)
HEN24 : 97.775 (-1.56%)
HEQ24 : 97.250 (-1.34%)
Cattle Rally Resumes on Tuesday

Live cattle posted higher trade on Tuesday, with contracts closing 75 cent to $1.87 higher. Cash trade this week has been relatively quite so far, with a few light trades of $192 in the north being picked...

LEM24 : 183.725 (+0.41%)
LEQ24 : 181.100 (+0.37%)
LEV24 : 184.050 (+0.49%)
GFK24 : 249.825 (+0.35%)
GFQ24 : 262.125 (+0.89%)
GFU24 : 263.175 (+0.79%)
Hog Fade Lower on Tuesday

Lean hogs closed the Tuesday session with contracts steady to 62 cents lower across the board. USDA’s National Average Base Hog negotiated price was reported at $88.20 on Tuesday afternoon, up $1.77...

HEM24 : 95.250 (-1.19%)
HEN24 : 97.775 (-1.56%)
HEQ24 : 97.250 (-1.34%)
Shootin' the Bull about inching towards trend lines

Traders stopped June at the top of the down trend line, via the close only chart.  The bar chart only has a few more cents from today's high to put the price at the top trend line.  With cash quite a...

Hog Facing Weakness on Tuesday

Lean hogs are trading with contracts down 35 to 90 cents at midday. USDA’s National Average Base Hog negotiated price was reported at $88.49 this morning, up $2.03 from the Monday afternoon report. The...

HEM24 : 95.250 (-1.19%)
HEN24 : 97.775 (-1.56%)
HEQ24 : 97.250 (-1.34%)
Cattle Looks to Tuesday Trade as Beef Rally Slows

Live cattle posted mixed action with contracts 50 cents lower to 42 cents higher. June futures were held up with a 42 cent gain, as futures are still $4-8 discount to cash. USDA reported cash sales of...

LEM24 : 183.725 (+0.41%)
LEQ24 : 181.100 (+0.37%)
LEV24 : 184.050 (+0.49%)
GFK24 : 249.825 (+0.35%)
GFQ24 : 262.125 (+0.89%)
GFU24 : 263.175 (+0.79%)
Hog Traders Switch Focus to Tuesday

Lean hogs saw mixed action to close out the Monday session with contracts 15 to 60 cents higher and the summer contracts down a dime to 27 cents. USDA’s National Average Base Hog negotiated price down...

HEM24 : 95.250 (-1.19%)
HEN24 : 97.775 (-1.56%)
HEQ24 : 97.250 (-1.34%)
Wheat Is Holding 23.6%, Hogs Hit 61.8% Target

You only have to look at the chart below to see how well the market adheres to the Fibonacci retracements.

ZWN24 : 696-6 (-0.11%)
HEM24 : 95.250 (-1.19%)
Cattle Feeling Weaker on Monday as Beef Rally Slows

Live cattle posted mixed action with contracts 50 cents lower to 42 cents higher. June futures were held up with a 42 cent gain, as futures are still $4-8 discount to cash. USDA reported cash sales of...

LEM24 : 183.725 (+0.41%)
LEQ24 : 181.100 (+0.37%)
LEV24 : 184.050 (+0.49%)
GFK24 : 249.825 (+0.35%)
GFQ24 : 262.125 (+0.89%)
GFU24 : 263.175 (+0.79%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 68.333
2nd Resistance Point 68.092
1st Resistance Point 67.633
Last Price 67.175s
1st Support Level 66.933
2nd Support Level 66.692
3rd Support Level 66.233

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52-Week High 85.500
Fibonacci 61.8% 77.822
Fibonacci 50% 75.450
Fibonacci 38.2% 73.078
Last Price 67.175s
52-Week Low 65.400

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