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Lean Hogs May '24 (HEK24)

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Lean Hogs Futures Market News and Commentary

Hogs Posting Mixed Thursday Action

Lean hogs are showing losses of 12 to 67 cents in the front months on Thursday, with gains in the deferreds. USDA’s National Average Base Hog negotiated price was down $1.63 from the day prior in the Thursday morning report at $89.43. The CME Lean Hog Index was back up 34 cents on April 30 at $90.60.

Pork export sales totaled 33,583 MT during the week that ended on 4/25, a 3-week high. Mexico purchased a majority of the total at 21,600 MT. Export shipments dropped to a 3-week low at 36,213 MT. Of that total, 14,200 MT was headed to Mexico, with 5,300 MT to South Korea.

The monthly export update from Census showed converted carcass weight exports of 621.1 million lbs of pork shipped in March. That was a 3-year high and the third largest March all time.

USDA’s National Pork Carcass Cutout Value was higher in the Thursday AM report, up $1.66 cents to $99.65. The belly was back up $19.71 to lead the way, with picnic primal the only other reported higher. USDA estimated... 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
$1,650/1,500
First Notice Date
05/14/24 (12 days)
Expiration Date
05/14/24 (12 days)

Seasonal Chart

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

Commitment of Traders Positions as of Apr 23, 2024

View Chart Details
Commercials - Long / Short
98,812 (+994)
146,114 (-956)
Non-Commercials - Long / Short
122,474 (+1,989)
65,858 (+1,864)
Producers - Long / Short
19,697 (-966)
128,487 (-2,005)
Swap Dealers - Long / Short
72,028 (+329)
10,540 (-582)
Managed Money - Long / Short
98,711 (+2,243)
6,709 (-1,751)
Other Reportables - Long / Short
23,763 (-254)
59,149 (+3,615)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
92.450 +0.49%
on 05/02/24
99.725 -6.84%
on 04/10/24
-0.775 (-0.83%)
since 04/02/24
3-Month
85.100 +9.17%
on 02/08/24
99.725 -6.84%
on 04/10/24
+4.375 (+4.94%)
since 02/02/24
52-Week
79.250 +17.22%
on 01/02/24
99.725 -6.84%
on 04/10/24
+1.900 (+2.09%)
since 05/02/23

More Lean Hogs Quotes

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Most Recent Stories

More News
Cattle Shoot Higher After USDA Confirms Negative H5N1 Meat Samples

Live cattle are posting midday gains of $2 to $3.40 following the USDA H5N1 announcement. Cash trade has been slow to develop this week with a few $186 in KS reported by the USDA, with NE at $187. Both...

LEM24 : 176.925 (+1.77%)
LEQ24 : 174.150 (+1.78%)
LEV24 : 177.700 (+1.63%)
GFK24 : 244.625 (+1.33%)
GFQ24 : 255.975 (+1.68%)
GFU24 : 256.625 (+1.59%)
Hogs Posting Mixed Thursday Action

Lean hogs are showing losses of 12 to 67 cents in the front months on Thursday, with gains in the deferreds. USDA’s National Average Base Hog negotiated price was down $1.63 from the day prior in the...

HEK24 : 93.025 (unch)
HEM24 : 99.925 (-0.50%)
HEN24 : 103.500 (-0.12%)
Hogs Focus on Thursday Trade

Lean hogs fell lower on Wednesday, as contracts were anywhere from $1 to $2.05 in the red. USDA’s National Average Base Hog negotiated price was down a penny from the day prior in the Wednesday PM report...

HEK24 : 93.025 (unch)
HEM24 : 99.925 (-0.50%)
HEN24 : 103.500 (-0.12%)
Cattle Look to Thursday After USDA Confirms Negative H5N1 Meat Samples

Live cattle were lower again on Wednesday, with contracts down $1.12 to $2.37 at the close. Cash trade has yet to develop this week. The Central Stockyards online Fed Cattle Exchange auction saw no sales...

LEM24 : 176.925 (+1.77%)
LEQ24 : 174.150 (+1.78%)
LEV24 : 177.700 (+1.63%)
GFK24 : 244.625 (+1.33%)
GFQ24 : 255.975 (+1.68%)
GFU24 : 256.625 (+1.59%)
Pure Hedge - Livestock and Grain

Patient and Accurate

Cattle Head Lower to Close Out Wednesday

Live cattle fell lower again on Wednesday, with contracts down $1.12 to $2.37 at the close. Cash trade has yet to develop this week. The Central Stockyards online Fed Cattle Exchange auction saw no sales...

LEM24 : 176.925 (+1.77%)
LEQ24 : 174.150 (+1.78%)
LEV24 : 177.700 (+1.63%)
GFK24 : 244.625 (+1.33%)
GFQ24 : 255.975 (+1.68%)
GFU24 : 256.625 (+1.59%)
Hogs Fall to Weakness on Wednesday

Lean hogs fell lower on Wednesday, as contracts were anywhere from $1 to $2.05 in the red. USDA’s National Average Base Hog negotiated price was down a penny from the day prior in the Wednesday PM report...

HEK24 : 93.025 (unch)
HEM24 : 99.925 (-0.50%)
HEN24 : 103.500 (-0.12%)
Shootin' the Bull about entrenched stagflation

Inflation has remained higher for longer than anyone predicted.  Especially the Fed.  Their once transitory inflation has spun completely out of control.  Attempts to reel in consumer spending has been...

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Broiler Hatchery

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Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 95.783
2nd Resistance Point 95.142
1st Resistance Point 94.083
Last Price 92.900
1st Support Level 92.383
2nd Support Level 91.742
3rd Support Level 90.683

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52-Week High 99.725
Last Price 92.900
Fibonacci 61.8% 91.904
Fibonacci 50% 89.488
Fibonacci 38.2% 87.071
52-Week Low 79.250

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