What are lean hog futures?
Lean hog futures contracts (HE) are standardized contracts within the pork industry, traded at the Chicago Mercantile Exchange (CME). First introduced in 1966 as live hog futures, this contract was designed to offer livestock producers a way to address their market risk due to shifting supply and demand factors, aside from the production risks they were already facing. Since changing names to lean hog futures in 1997, this contract has continued to see new and improved specifications, making it an even more viable hedging tool for producers and packers throughout the United States. The new cash settlement feature also makes the lean hog futures contract a viable hedging tool for international producers and pork importers/exporters.
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Lean hog futures contracts are offered through CME on the Globex® trading platform and are available to trade electronically through Schwab. An account approved to trade futures is required in order to trade lean hog futures.
Lean hog futures contract specifications
Considering trading lean hog futures? Here are the lean hog futures contract specifications.
|Exchange, Product Name, Product Code||Chicago Mercantile Exchange, Lean Hog Future Contract, LH|
|Contract Size||40,000 pounds|
|Minimum Tick Size and Value||0.025/cwt, worth $10.00 per contract.|
|Trading Times||Lean hog futures trade electronically on the Globex® platform Monday, 09:30 a.m. U.S. ET to 2:05 p.m. U.S. ET.|
|Principal Trading Months||Principal trading months for lean hog futures include February, April, May, June, July, August, October, and December.|
At Schwab, you also get access to advanced trading platforms and education, where you can take advantage of market research, real-time lean hog futures quotes, and other specialized tools.
Lean Hog FAQ
- Why trade lean hog futures?
- Benefits and risks of trading lean hog futures
Futures trading at Schwab
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