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Lean Hogs Feb '24 (HEG24)

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Lean Hogs Futures Market News and Commentary

Hogs Fall Back as Cash Strength Holds

Lean hog futures closed with contracts down 15 to 50 cents in the nearbys and July up 75 points. USDA’s national average base hog negotiated price was reported at $94.02 on Thursday afternoon, up $1. The CME Lean Hog Index was another 3 cents higher on May 6, at $90.16.

USDA reported a total of 24,228 MT of pork sold for export in the week ending on May 1, back down from the previous week. Mexico was the buyer of 9,900 MT, with Japan buying 3,500 MT.  Shipments were the second lowest in the calendar year at 25,573 MT. A total of 11,000 MT was destined for 11,000 MT, with 4,400 MT to Japan.

The Thursday afternoon FOB plant pork cutout value was down $1.04/cwt on a carcass basis, at $94.50. The picnic and ham primals were reported higher. Federally inspected hog slaughter from USDA was estimated 484,000 head for Thursday, with a weekly total at 1.922 million head. That was down 16,000 head from the previous week and 15,290 head above the same week last year.

May 25 H... 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
$2,035/1,850
First Notice Date
02/14/24
Expiration Date
02/16/24 (expired)

Seasonal Chart

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

Commitment of Traders Positions as of Apr 29, 2025

View Chart Details
Commercials - Long / Short
94,174 (+1,042)
128,708 (+5,967)
Non-Commercials - Long / Short
98,526 (+5,477)
63,669 (+1,916)
Producers - Long / Short
24,062 (+1,446)
114,948 (+5,177)
Swap Dealers - Long / Short
61,913 (-815)
5,561 (+379)
Managed Money - Long / Short
77,906 (+5,171)
12,276 (-4,770)
Other Reportables - Long / Short
20,620 (+306)
51,393 (+6,686)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
70.025 +7.35%
on 01/17/24
76.675 -1.96%
on 02/01/24
+3.275 (+4.55%)
since 01/12/24
3-Month
64.575 +16.42%
on 01/03/24
76.675 -1.96%
on 02/01/24
-0.750 (-0.99%)
since 11/14/23
52-Week
64.575 +16.42%
on 01/03/24
88.350 -14.91%
on 02/21/23
-12.350 (-14.11%)
since 02/14/23

More Lean Hogs Quotes

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Most Recent Stories

More News
Cattle Rally Back on Thursday, with Feeders Breaking the $300 Level

Live cattle futures were back up $1.30 to $1.75 on Thursday. Cash action started off with sales of $218-220 in the South, with northern action at $225-228 kicking up on Thursday. Feeder cattle futures...

LEV25 : 207.475s (+0.63%)
LEQ25 : 210.000s (+0.78%)
LEM25 : 214.250s (+0.81%)
GFQ25 : 301.250s (+0.89%)
GFK25 : 297.475s (+1.03%)
GFU25 : 300.225s (+0.98%)
Hogs Fall Back as Cash Strength Holds

Lean hog futures closed with contracts down 15 to 50 cents in the nearbys and July up 75 points. USDA’s national average base hog negotiated price was reported at $94.02 on Thursday afternoon, up $1....

HEM25 : 97.175s (-0.15%)
HEK25 : 90.650s (-0.55%)
HEN25 : 100.250s (+0.78%)
Shootin' the Bull about further rationing.

The rationing is believed starting to make a small impact with comments heard this week.

Will Cattle Make Even Higher Highs During the 2025 Peak Demand Season?

The cattle futures market is heading into the 2025 grilling season, which begins at the end of May. Animal protein prices tend to rise to annual highs as the barbecues come out of storage, and the aroma...

LEM25 : 214.250s (+0.81%)
GFQ25 : 301.250s (+0.89%)
Hogs Holding Mixed at Midday

Lean hog futures are mixed at midday, with contracts down 15 to 35 cents lower, with July up 50 cents. USDA’s national average base hog negotiated price was reported at $94.654 on Thursday morning, up...

HEK25 : 90.650s (-0.55%)
HEM25 : 97.175s (-0.15%)
HEN25 : 100.250s (+0.78%)
Cattle Rally Back as Cash Strength Continues

Live cattle futures are back up $1.50 to $2.02 so far on Thursday. Cash action started off with sales of $218-220 in the South, with northern action at $225-228 kicking up on Thursday. Feeder cattle futures...

LEV25 : 207.475s (+0.63%)
LEM25 : 214.250s (+0.81%)
LEQ25 : 210.000s (+0.78%)
GFK25 : 297.475s (+1.03%)
GFQ25 : 301.250s (+0.89%)
GFU25 : 300.225s (+0.98%)
Hogs Mixed on Wednesday as Traders Look to Thursday

Lean hog futures were mixed on Wednesday, with contracts down 25 to 40 cents and July up 7 cents. USDA’s national average base hog negotiated price was reported at $93.02 on Wednesday afternoon, down...

HEK25 : 90.650s (-0.55%)
HEM25 : 97.175s (-0.15%)
HEN25 : 100.250s (+0.78%)
Cattle Face Midweek Pressure, as Cash Stays Firm

Live cattle futures fell to weakness on Wednesday, with contracts down 70 cents to $1.15. Preliminary open interest was up just 155 contracts, with June down 7,785 contracts as the Goldman Roll begins...

LEV25 : 207.475s (+0.63%)
LEM25 : 214.250s (+0.81%)
LEQ25 : 210.000s (+0.78%)
GFK25 : 297.475s (+1.03%)
GFQ25 : 301.250s (+0.89%)
GFU25 : 300.225s (+0.98%)
Cattle Fall Back Lower on Wednesday

Live cattle futures fell back on Wednesday, with contracts down 70 cents to $1.15. Cash action is off to an earlier start this week, with $218-220 sales reported in the South already, steady to $2 higher...

LEV25 : 207.475s (+0.63%)
LEM25 : 214.250s (+0.81%)
LEQ25 : 210.000s (+0.78%)
GFK25 : 297.475s (+1.03%)
GFQ25 : 301.250s (+0.89%)
GFU25 : 300.225s (+0.98%)
Hogs Close with Mixed Action

Lean hog futures posted mixed trade on Wednesday, with contracts down 25 to 40 cents and July up 7 cents. USDA’s national average base hog negotiated price was reported at $93.02 on Wednesday afternoon,...

HEK25 : 90.650s (-0.55%)
HEM25 : 97.175s (-0.15%)
HEN25 : 100.250s (+0.78%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 76.192
2nd Resistance Point 75.708
1st Resistance Point 75.442
Last Price 75.175s
1st Support Level 74.692
2nd Support Level 74.208
3rd Support Level 73.942

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52-Week High 88.350
Fibonacci 61.8% 79.268
Fibonacci 50% 76.462
Last Price 75.175s
Fibonacci 38.2% 73.657
52-Week Low 64.575

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