|Contract Unit||40,000 pounds (˜18 metric tons)|
|Price Quotation||Cents per pound|
|Trading Hours||Monday - Friday: 8:30 a.m. - 1:05 p.m. CT|
|Minimum Price Fluctuation||$.00025 per pound ($10 per contract)|
|Product Code||CME Globex: HECME ClearPort: LNClearing: LNTAS: HET|
|Listed Contracts|| Monthly contracts listed as follows:
2 months each of May and Jun listed in December.
2 months of Jul listed in February.
2 months of Aug listed in April.
2 months of Oct listed in May.
2 months of Dec listed in June.
2 months of Feb listed in August.
2 months of Apr listed in October
|Settlement Method||Financially Settled|
|Termination Of Trading||10th business day of the contract month, 12:00 p.m.|
|Trade At Marker Or Trade At Settlement Rules||Trading at settlement is available for first 2 listed futures contract months, a calendar spread between the first and second contract month, and are subject to the existing TAS rules. The Last Trade Date for CME Livestock TAS products will be the second to last business day in the month prior to the named contract month.
Trading in all CME Livestock TAS products will Trading in all CME Livestock TAS products will be 8:30 am -1:00 pm Chicago time on Monday - Friday.
TAS products will trade a total of four ticks above and below the settlement price in ticks of the corresponding futures contract (0.00025), off of a "Base Price" of 0 to create a differential (plus or minus 4 ticks) versus settlement in the underlying product on a 1 to 1 basis. A trade done at the Base Price of 0 will correspond to a "traditional" TAS trade which will clear exactly at the final settlement price of the day.
Note: No May contract or calendar spread with the May expiration as a leg will have TAS in Lean Hog futures.
|Settlement Procedures||Lean Hog Settlement Procedures|
|Position Limits||CME Position Limits|
|Exchange Rulebook||CME 152|
|Price Limit Or Circuit||Price Limits|
|Vendor Codes||Quote Vendor Symbols Listing|
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