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Lean Hogs Pit Dec '23 (LHZ23)
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Lean Hogs (Pit) Futures Market News and Commentary

Hogs Up for Wednesday

Lean hog futures are trading mixed but mostly higher so far, with a 60c gain in Dec a 5c gain in Feb but a 15c loss in April. The National Average Base Hog price fell by $2.26 to $53.96 in the AM report. The 12/01 CME Lean Hog Index was another 74 cents weaker to $69.84.  

The National Pork Carcass Cutout Value for Wednesday morning was $85.30 after a 63c increase for the AM quote. USDA reported the FI hog slaughter at 488k head, setting the weekly total at 971k head. That compares to 960k head last week and 977k during the same week last year. 

Feb 24 Hogs  are at $69.300, down $0.050,

April 24 Hogs  are at $75.925, down $0.175

Feb 24 Pork Cutout  is at $81.250, down $0.550,

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 information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.

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
12/14/23 (8 days)

Seasonal Chart

Lean Hogs Pit Dec '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
66.825 unch
on 12/05/23
73.350 -8.90%
on 11/13/23
-4.925 (-6.86%)
since 11/03/23
3-Month
66.000 +1.25%
on 10/20/23
78.225 -14.57%
on 09/20/23
-8.250 (-10.99%)
since 09/05/23
52-Week
66.000 +1.25%
on 10/20/23
85.450 -21.80%
on 02/22/23
-16.850 (-20.14%)
since 12/05/22

More Lean Hogs (Pit) Quotes

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LEZ23 : 163.825 (-2.77%)
LEG24 : 163.450 (-3.27%)
LEJ24 : 166.375 (-2.99%)
LEY00 : 170.620s (-2.50%)
GFF24 : 210.125 (-2.13%)
GFH24 : 211.750 (-2.63%)
Hogs Up for Wednesday

Lean hog futures are trading mixed but mostly higher so far, with a 60c gain in Dec a 5c gain in Feb but a 15c loss in April. The National Average Base Hog price fell by $2.26 to $53.96 in the AM report....

HEZ23 : 67.325 (+0.75%)
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Hogs Flipped Red for Week’s Move

Front month lean hog futures ended the session with $1.12 to $1.45 losses on Tuesday. The Feb contract now sits at a 75c loss for the week to date. The National Average Base Hog price fell by $2.26 to...

HEZ23 : 67.325 (+0.75%)
HEJ24 : 75.650 (-0.59%)
KMZ23 : 81.250s (unch)
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LEZ23 : 163.825 (-2.77%)
LEG24 : 163.450 (-3.27%)
LEJ24 : 166.375 (-2.99%)
GFF24 : 210.125 (-2.13%)
GFH24 : 211.750 (-2.63%)
Hog Prices Drop by Triple Digits

Front month lean hog futures settled the session with $1.12 to $1.45 losses for Tuesday. The Feb contract now sits at a 75c loss for the week’s move. The National Average Base Hog price fell by $2.26...

HEZ23 : 67.325 (+0.75%)
HEJ24 : 75.650 (-0.59%)
KMZ23 : 81.250s (unch)
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The Turnaround Tuesday for cattle flipped the board into the black for the week. Futures rebounded by $1.35 to $1.90 across the front months. Feeders led the way with 1.7% to 2% gains of as much as $4.17....

LEZ23 : 163.825 (-2.77%)
LEG24 : 163.450 (-3.27%)
LEJ24 : 166.375 (-2.99%)
GFF24 : 210.125 (-2.13%)
GFH24 : 211.750 (-2.63%)
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LEZ23 : 163.825 (-2.77%)
LEG24 : 163.450 (-3.27%)
LEJ24 : 166.375 (-2.99%)
LEY00 : 170.620s (-2.50%)
GFF24 : 210.125 (-2.13%)
GFH24 : 211.750 (-2.63%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 66.825
2nd Resistance Point 66.825
1st Resistance Point 66.825
Last Price 66.825s
1st Support Level 66.825
2nd Support Level 66.825
3rd Support Level 66.825

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52-Week High 85.450
Fibonacci 61.8% 78.020
Fibonacci 50% 75.725
Fibonacci 38.2% 73.430
Last Price 66.825s
52-Week Low 66.000

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