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Lean Hogs Pit Apr '23 (LHJ23)
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Lean Hogs (Pit) Futures Market News and Commentary

Hogs had Close Mostly Red

Front month lean hog futures settled the session mostly red, save for a 7 cent gain in the October contract. The nearby futures were 35 to 87 cents in the red at the close, but May was nearly $1.50 off its earlier session low. The National Average Base Hog price was 20 cents lower to $75.64. The CME Lean Hog Index was down by 42 cents to $76.57 on 3/24.  

Pork cutout futures closed $0.22 to $1.62 lower. USDA’s Pork Carcass Cutout value was $1.22 lower to $80 flat. Bellies had dropped $5.43. USDA estimated the FI hog slaughter at 480,000 head for Tuesday, setting the week’s total at 966k. That compares to 944,000 last week and 963,000 during the same week last year. 

 

Apr 23 Hogs  closed at $77.750, down $0.875,

May 23 Hogs  closed at $86.000, down $0.725

Apr 23 Pork Cutout  closed at $82.575, down $1.625,

On the date of publication, Alan Brugler did not have (either directly or indirectly) positions in any of the securities mentioned in this articl... Read more

Contract Specifications

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Contract
Lean Hogs [Pit]
Contract Size
40,000 pounds
Tick Size
0.00025 per pound ($10.00 per contract)
Trading Hours
8:30a.m. - 1:02p.m. CST
Exchange
CME
Point Value
$400
Expiration Date
04/17/23 (19 days)

Seasonal Chart

Lean Hogs Pit Apr '23
Average Price Chart for 5 Prior Pit Contracts
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
75.750 +2.64%
on 03/23/23
87.450 -11.09%
on 03/10/23
-7.425 (-8.72%)
since 02/28/23
3-Month
75.750 +2.64%
on 03/23/23
95.700 -18.76%
on 12/29/22
-18.825 (-19.49%)
since 12/28/22
52-Week
75.750 +2.64%
on 03/23/23
96.575 -19.49%
on 12/28/22
-14.300 (-15.54%)
since 03/28/22

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Most Recent Stories

More News
Hogs had Close Mostly Red

Front month lean hog futures settled the session mostly red, save for a 7 cent gain in the October contract. The nearby futures were 35 to 87 cents in the red at the close, but May was nearly $1.50 off...

HEJ23 : 76.825 (-1.19%)
HEM23 : 90.775 (-2.10%)
KMJ23 : 81.975 (-0.73%)
Cattle Were Mixed on Tuesday

Front month fat cattle futures were 2 to 40 cents higher at the bell, while feeder cattle went home as much as 57 cents in the red. May feeders held above the $200 mark at the session low and the fall...

LEJ23 : 165.575 (+0.38%)
LEM23 : 159.425 (+0.33%)
LEQ23 : 159.325 (+0.38%)
GFH23 : 191.700 (-0.01%)
GFJ23 : 198.000 (+0.39%)
2023 corn acreage estimate and HRW/CHI wheat spread at record highs

Discover how HTS Commodities can assist with your risk management or investment requirements. Contact Scott Strand Direct 612-486-4624 | scott.strand@hilltopsecurities.com

Hogs Close Mostly Red

Front month lean hog futures settled the session mostly red, save for a 7 cent gain in the October contract. The nearby futures were 35 to 87 cents in the red at the close, but May was nearly $1.50 off...

HEJ23 : 76.825 (-1.19%)
HEM23 : 90.775 (-2.10%)
KMJ23 : 81.975 (-0.73%)
Cattle Close Mixed on Tuesday

Front month fat cattle futures were 2 to 40 cents higher at the bell, while feeder cattle went home as much as 57 cents in the red. May feeders held above the $200 mark at the session low and the fall...

LEJ23 : 165.575 (+0.38%)
LEM23 : 159.425 (+0.33%)
LEQ23 : 159.325 (+0.38%)
GFH23 : 191.700 (-0.01%)
GFJ23 : 198.000 (+0.39%)
Livestock Report

Cattle markets consolidate.

Shootin' the Bull about higher grains

It was difficult to make heads or tails out of today's trading.  Monday's abrupt one hour of trading most likely caused more confusion than anything else.  At this juncture, I see nothing to do. 

Hog Futures Down by Double Digits

The lean hog futures market is giving back $0.67 to $1.22 at midday. The National Average Base Hog price was 58 cents lower on Tuesday morning to $75.45. for Monday was 74 cents weaker to $75.84. The CME...

HEJ23 : 76.825 (-1.19%)
HEM23 : 90.775 (-2.10%)
KMJ23 : 81.975 (-0.73%)
Mixed Cattle Market at Midday

Cattle futures are mixed but mostly higher with prices up 2 to 35 cents. The Jun contract is trading at a 5 cent midday loss. Tuesday’s FCE auction had 1,482 head listed with no sales between $162-163...

LEJ23 : 165.575 (+0.38%)
LEM23 : 159.425 (+0.33%)
LEQ23 : 159.325 (+0.38%)
LEY00 : 163.000s (unch)
GFH23 : 191.700 (-0.01%)
GFJ23 : 198.000 (+0.39%)
Shootin' the Bull about higher commodities

Traders wanted to be long most everything commodity wise today.  Cattle were believed swept up in the buying frenzy of wanting to own something.  The rally could be a B wave with more downside still...

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 77.750
2nd Resistance Point 77.750
1st Resistance Point 77.750
Last Price 77.750s
1st Support Level 77.750
2nd Support Level 77.750
3rd Support Level 77.750

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52-Week High 96.575
Fibonacci 61.8% 88.620
Fibonacci 50% 86.162
Fibonacci 38.2% 83.705
Last Price 77.750s
52-Week Low 75.750

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