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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
LN=Clearing
Open Outcry (Trading Floor) LH
Rulebook Chapter 152
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of CME.