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Lean Hogs Dec '24 (HEZ24)

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Lean Hogs Futures Market News and Commentary

Hogs Fall Back Lower on Tuesday

Lean hog futures posted 47 cent to $1.80 losses across most contracts on Tuesday. The USDA national average base hog negotiated price was reported at $88.28 on Tuesday afternoon, up 23 cents from the day prior. The CME Lean Hog Index was down 27 cents from the previous day at $89.28 on March 14. 

Tuesday afternoon’s FOB plant pork cutout from USDA was down $2.01 at $95.64 per cwt. The ham primal was the only reported higher, with the belly down $10.88. USDA estimated Tuesday’s Federally inspected hog slaughter at 488,000 head, taking the week to date total to 975,000 head. That is down 1,000 from last week and 3,472 head larger than the same week last year.

Apr 25 Hogs  closed at $87.600, down $0.475,

May 25 Hogs  closed at $90.200, down $1.250

Jun 25 Hogs  closed at $97.350, down $1.775,

On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this art... 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
12/13/24
Expiration Date
12/13/24 (expired)

Seasonal Chart

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

Commitment of Traders Positions as of Mar 11, 2025

View Chart Details
Commercials - Long / Short
96,512 (-2,819)
132,252 (-9,455)
Non-Commercials - Long / Short
93,330 (-11,627)
55,113 (-3,179)
Producers - Long / Short
25,952 (-122)
112,885 (-4,904)
Swap Dealers - Long / Short
60,312 (+1,739)
9,119 (-115)
Managed Money - Long / Short
70,962 (-10,178)
20,533 (-4,279)
Other Reportables - Long / Short
22,368 (-1,449)
34,580 (+1,100)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
78.900 +6.12%
on 11/19/24
83.875 -0.18%
on 12/03/24
+1.850 (+2.26%)
since 11/13/24
3-Month
71.300 +17.43%
on 09/16/24
85.075 -1.59%
on 11/01/24
+12.425 (+17.43%)
since 09/13/24
52-Week
61.825 +35.42%
on 07/15/24
85.075 -1.59%
on 11/01/24
+9.075 (+12.16%)
since 12/13/23

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Most Recent Stories

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The Cattle Rally Continues

Cattle futures have had an impressive month, can the rally continue?

Cattle Close Mixed on Tuesday

Live cattle futures saw mixed trade at Tuesday’s close, with April up 35 cents and other nearby contracts down 7 to 15 cents. Preliminary open interest was up 2,460 contracts, with April down 2,284 contracts....

LEQ25 : 198.700s (-0.08%)
LEJ25 : 205.375s (+0.17%)
LEM25 : 201.000s (-0.04%)
GFH25 : 284.975s (+0.12%)
GFJ25 : 284.550s (+0.12%)
GFK25 : 285.250s (-0.02%)
Hogs Fall Back Lower on Tuesday

Lean hog futures posted 47 cent to $1.80 losses across most contracts on Tuesday. The USDA national average base hog negotiated price was reported at $88.28 on Tuesday afternoon, up 23 cents from the day...

HEJ25 : 87.600s (-0.54%)
HEK25 : 90.200s (-1.37%)
HEM25 : 97.350s (-1.79%)
Cattle Face Mixed Action on Tuesday

Live cattle futures posted mixed action on Tuesday, with April up 35 cents and other contracts down 7 to 15 cents. Cash trade has yet to get kicked off this week. Last week was strong, at $203 in the South,...

LEQ25 : 198.700s (-0.08%)
LEJ25 : 205.375s (+0.17%)
LEM25 : 201.000s (-0.04%)
GFH25 : 284.975s (+0.12%)
GFJ25 : 284.550s (+0.12%)
GFK25 : 285.250s (-0.02%)
Hogs Face Weakness on Tuesday

Lean hog futures closed with 47 cent to $1.80 losses across most contracts on Tuesday. The USDA national average base hog negotiated price was reported at $88.28 on Tuesday afternoon, up 23 cents from...

HEJ25 : 87.600s (-0.54%)
HEK25 : 90.200s (-1.37%)
HEM25 : 97.350s (-1.79%)
Shootin' the Bull about cattle feeders

Cattle feeders appear as the sector assuming the most risk of any at the moment.

Cattle in the Red at Midday

Live cattle futures are trading with 25 to 65 cent losses across the front months on Tuesday. Cash trade was strong last week, settling in across the country at $203 in the South, with Northern action...

LEQ25 : 198.700s (-0.08%)
LEJ25 : 205.375s (+0.17%)
LEM25 : 201.000s (-0.04%)
GFH25 : 284.975s (+0.12%)
GFJ25 : 284.550s (+0.12%)
GFK25 : 285.250s (-0.02%)
Hogs Falling Back Lower on Tuesday

Lean hog futures are falling at Tuesday’s midday, with contracts down 90 cents to $2.45. The USDA national average base hog negotiated price from the USDA was reported at $90.29, up $2.62 from the day...

HEJ25 : 87.600s (-0.54%)
HEK25 : 90.200s (-1.37%)
HEM25 : 97.350s (-1.79%)
Hogs Rally on Monday

Lean hog futures pushed higher on Monday, with gains of $1.45 to $2.85 in the front month at the close. Monday afternoon’s national average base hog negotiated price from the USDA was reported at $88.05,...

HEJ25 : 87.600s (-0.54%)
HEK25 : 90.200s (-1.37%)
HEM25 : 97.350s (-1.79%)
Cattle Continue Higher on Monday

Live cattle futures settled the Monday session with contracts $1.70 to $2.15 higher. Cash trade was strong last week, settling in across the country at $203 in the South, with Northern action at $205-206....

LEQ25 : 198.700s (-0.08%)
LEJ25 : 205.375s (+0.17%)
LEM25 : 201.000s (-0.04%)
GFH25 : 284.975s (+0.12%)
GFJ25 : 284.550s (+0.12%)
GFK25 : 285.250s (-0.02%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 84.000
2nd Resistance Point 83.875
1st Resistance Point 83.800
Last Price 83.725s
1st Support Level 83.600
2nd Support Level 83.475
3rd Support Level 83.400

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52-Week High 85.075
Last Price 83.725s
Fibonacci 61.8% 76.193
Fibonacci 50% 73.450
Fibonacci 38.2% 70.706
52-Week Low 61.825

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