| Lean Hog Futures | |||||
|---|---|---|---|---|---|
| Contract Size | 40,000 pounds (˜18 metric tons) | ||||
| Product Description | Hog (barrow and gilt) carcasses | ||||
| Pricing Unit | Cents per pound | ||||
| Tick Size (minimum fluctuation) | $.00025 per pound ($10 per contract) | ||||
| Daily Price Limits | $.03 per pound above or below previous day's settlement price; none for expiring contract in last 2 trading days. |
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| Trading Hours (All times listed are Central Time) |
CME Globex (Electronic Platform) | MON 9:05 a.m. - FRI 1:55 p.m. Central Time Daily trading halts 4:00 p.m. - 5:00 p.m. Central Time |
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| Open Outcry (Trading Floor) |
MON-FRI: 9:05 a.m. -1:00 p.m. Central Time
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| Last Trade Date/Time View Calendar |
10th business day of the contract month, 12:00 p.m. | ||||
| Contract Months View Listings |
Feb, Apr, May, Jun, Jul, Aug, Oct, Dec | ||||
| Settlement Procedure | Daily Livestock Settlement Procedure (PDF) Final Lean Hogs Futures Settlement Procedure (PDF) |
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| Position Limits | Non-Spot: 4,575 contracts in any contract month Spot: 950 contracts All months combined: n/a See CME Rule: 15202.E |
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| Product Ticker Symbols | CME Globex (Electronic Platform) | HE LN=Clearing |
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| Open Outcry (Trading Floor) | LH | ||||
| Rulebook Chapter | 152 | ||||
| Exchange Rule | These contracts are listed with, and subject to, the rules and regulations of CME. | ||||