This article refers to the specific commodity. For pork prices in general, see Pork Prices.
Lean Hogs refers to pork (hog) contracts from which the majority of pork meat consumed in the United States comes. (In contrast to pork bellies, from which bacon is made.)
Lean Hogs futures are delivered every year in February, April, May, June, July, August, October, & December.
The following is a table with Lean Hogs futures delivery dates and resultant tickers for 2009. For an explanation on commodity tickers see commodity ticker construction.
|Delivery Month||Full Ticker Symbol||Thomson-Reuters Symbol|
One Lean Hogs futures contract on the Chicago Mercantile Exchange is 40,000 pounds.
$.03 per pound above or below previous day's settlement price; none for expiring contract in last 2 trading days.
Trading of Lean Hogs futures contracts on the Chicago Mercantile Exchange ends on the 10th business day of the contract month, 12:00 p.m.
Deliverable Lean Hogs grades for futures contracts on the Chicago Mercantile Exchange are: Hog (barrow and gilt) carcasses.