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Lean Hogs Futures

QUOTE AND NEWS
Hog and pork markets - will prices rise for a sixth year?
Agrimoney.com  Dec 27  Comment 
Lean hog prices are set for a fifth year of gains on the trot. Will they manage a sixth? Will farmers return to profit? Top commentators give verdicts
Lower feed costs, higher lean hog prices softening blow to pork producers
Southeast Farm Press  Nov 28  Comment 
By Jennifer Stewart, Purdue University An increase in lean hog prices and a decrease in feed costs have combined to reduce the drought's effect on the pork industry. read more
Hog prices revived by rare slice of upbeat news
Agrimoney.com  Aug 24  Comment 
Lean hog futures recover a touch from contract lows, as a surprise rise in wholesale values encourages investors to take profits on short positions
Lean hog prices - can they beat expectations in 2012 too?
Agrimoney.com  Jan 9  Comment 
Lean hog prices were surprise gainers in 2011, spurred by strong Asian demand for US pork. Will history repeat itself in 2012? Banks give their views
Cool weather puts dampener on lean hog rally
Agrimoney.com  Aug 3  Comment 
Chicago's spot lean hog futures contract sets a record high. But forward lots falter on ideas that cooler weather may underpin pork supplies
[$] China-Based Rally Hits Hog Prices
Wall Street Journal  Jul 11  Comment 
Futures for lean hog carcasses soared after China singled out rising domestic pork prices as a concern, a move analysts say increases the likelihood that the country will continue to boost imports.
Hog futures dip amid doubts over breeding cutbacks
Agrimoney.com  Jun 27  Comment 
Lean hog futures fall the daily limit in as analysts question expectations of a drop in farrowings when farmers are raising breeding stock
Pork bellies hold secret to lean hogs rally
Agrimoney.com  Apr 8  Comment 
Growing demand for pork bellies, as the likes of Subway champion bacon products, has spurred the hog price rally - and may determine its future
Corn, lean hog futures pressured by Japan worries
MarketWatch  Mar 15  Comment 
Agricultural commodities dropped Tuesday over the uncertainty in Japan, the biggest buyer for U.S. corn and pork. May corn futures fell 24 cents, or nearly 4%, to $6.41 a bushel. April lean hog futures were trading at 84.4 cents a pound and...




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 This article describes a futures contract with a discrete termination or delivery date. View articles referencing this futures contract.
 
TOP CONTRIBUTORS
Sr. Director
Charles Armstrong
Asset Prime

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 traded on the Chicago Mercantile Exchange under ticker symbol LH in cents per pound. For electronic trading sessions, the symbol HE is used.[1]

The chart at left shows Front Month Lean Hogs Futures prices on the Chicago Mercantile Exchange (CME) in cents per pound.

Delivery Dates

Lean Hogs futures are delivered every year in February, April, May, June, July, August, October, & December.[1]

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
February, 2009LHG9LH/G9-CM
April, 2009LHJ9LH/J9-CM
May, 2009LHK9LH/K9-CM
June, 2009LHM9LH/M9-CM
July, 2009LHN9LH/N9-CM
August, 2009LHQ9LH/Q9-CM
October, 2009LHV9LH/V9-CM
December, 2009LHZ9LH/Z9-CM

Contract Specifications

Contract Size

One Lean Hogs futures contract on the Chicago Mercantile Exchange is 40,000 pounds.[1]

Daily Price Limit

$.03 per pound above or below previous day's settlement price; none for expiring contract in last 2 trading days.[1]

Trading Hours

  • On the CME Globex electronic platform: Monday 9:05 AM through Friday 1:55 PM with daily trading halts from 4:00 PM - 5:00 PM, US Central Time.[1]
  • Open Outcry (pit session): Monday through Friday, 9:05 AM to 1:00 PM.[1]

Contents

Last Trading Day

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.[1]

Deliverable Grades

Deliverable Lean Hogs grades for futures contracts on the Chicago Mercantile Exchange are: Hog (barrow and gilt) carcasses.[1]

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