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Lean Hog Futures Contract Specs

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.
Trading Hours
(All times listed are Central Time)
CME Globex (Electronic Platform) Monday 9:05 a.m. Central Time/CT-Opening. At 4:00 p.m. CT on Monday- Thursday, the markets halt and restart at 8:00 a.m. CT on the next morning. Friday 1:55 p.m. CT-Close
Open Outcry (Trading Floor)
MON-FRI: 9:05 a.m. -1:00 p.m. Central Time
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)
Position Limits Non-Spot: 4,575 contracts in any contract month
Spot: 950 contracts
All months combined: n/a
See CME Rule: 15202.E
Product Ticker Symbols CME Globex (Electronic Platform) HE
Open Outcry (Trading Floor) LH
Rulebook Chapter 152
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of CME.