Customer Service
info@cmegroup.com
800-331-3332 or 312-930-2316
Options on Lean Hog futures provide a way to:
- Effectively manage the price risk that merchandisers, producers, processors and others have related to the purchase or sale of lean hogs
- Utilize some strategies to allow hedgers to reduce price level risk while retaining the opportunity to improve their purchase or selling price
- Trade based on price movement, spreads or market volatility
Things to Know:
- You can view free electronic real-time price quotes on Lean Hog options, including:
- Best bids and offers
- Daily trading activity
- Outright and spread markets
- Contracts trade virtually 24 hours a day on the CME Globex electronic trading platform and side by side during regular trading hours on the CME Group trading floor
- Sign up for free daily email commentary on CME Group Livestock markets by visiting www.dailylivestockreport.com
- Electronically traded Lean Hog options offer:
- Direct participation in the trading process
- Greater pricing efficiency
- Millisecond response time
- Designated market makers
- Implied spread functionality
View free real-time quotes on a variety of electronically traded CME Group products
S&P Press Release: S&P GSCI FPI Index Settlement Delayed Until Friday 5/16
Revised Trading Hours: Cheese Spot Call, Butter Spot Call and Nonfat Dry Milk Contracts
Effective Monday, May 19, 2008, revised trading hours will go into effect for the Spot Dairy and Nonfat Dry Milk contracts.
Free Webinar: Navigating the Uncharted Waters of Weather and Supply and Demand Fundamentals
Industry experts will discuss the impact of current weather on grains and oilseeds and provide an outlook for market prices – June 12 at 2 p.m.
Register
| Trade Unit | One Lean Hogs Futures Contract | ||||
| Settle Method | Delivery | ||||
| Point (Tick) Size | 1 point = $.0001 per hundred pounds = $4.00 | ||||
| Strike Price Interval | Cents per pound. First month only - $0.01 intervals, e.g. $0.48, $0.49, $0.50 etc. All other months - $0.02 intervals, e.g. $0.48, $0.50, $0.52 etc | ||||
| Strike | |||||
| Limits/Price Banding | n/a | ||||
| Minimum Fluctuation |
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| Trading Hours | 9:05 a.m. Monday - 1:30 p.m. Friday with daily shutdown period from 4:00 p.m. - 5:00 p.m. LTD (12:00 p.m.) Friday Close 1:30 p.m. LTD Close 12:00 p.m. | ||||
| Listed | |||||
| Product Codes | Clearing Calls/Puts=LN Ticker Calls=CH Ticker Puts=PH Globex=HE | ||||
| Minimum Block Size | |||||
| Product Calendar | Eight months of Feb, Apr, May, Jun, Jul, Aug, Oct, Dec and Flex® Options. View current product listings |
| Trade Unit | One Lean Hogs Futures Contract | ||||
| Settle Method | Delivery | ||||
| Point (Tick) Size | 1 point = $.0001 per hundred pounds = $4.00 | ||||
| Strike Price Interval | Cents per pound. First month only - $0.01 intervals, e.g. $0.48, $0.49, $0.50 etc. All other months - $0.02 intervals, e.g. $0.48, $0.50, $0.52 etc | ||||
| Strike | All listed intervals | ||||
| Limits/Price Banding | n/a | ||||
| Minimum Fluctuation |
|
||||
| Trading Hours | 9:05 a.m.-1:02 p.m. LTD Close 12:00 p.m. | ||||
| Listed | |||||
| Product Codes | Clearing Calls/Puts=LN Ticker Calls=CH Ticker Puts=PH Globex=HE | ||||
| Minimum Block Size | |||||
| Product Calendar | Eight months of Feb, Apr, May, Jun, Jul, Aug, Oct, Dec and Flex® Options. View current product listings |
S&P Press Release: S&P GSCI FPI Index Settlement Delayed Until Friday 5/16
Revised Trading Hours: Cheese Spot Call, Butter Spot Call and Nonfat Dry Milk Contracts
Effective Monday, May 19, 2008, revised trading hours will go into effect for the Spot Dairy and Nonfat Dry Milk contracts.
Free Webinar: Navigating the Uncharted Waters of Weather and Supply and Demand Fundamentals
Industry experts will discuss the impact of current weather on grains and oilseeds and provide an outlook for market prices – June 12 at 2 p.m.
Register
| Contract Month | Product Code | First Trade Date | Last Trade Date | Settlement Date | |
| MAY08 | LNK08 | 05/15/2007 |  |
05/14/2008 | 05/16/2008 |
| JUN08 | LNM08 | 06/15/2007 | |
06/13/2008 | 06/17/2008 |
| JUL08 | LNN08 | 07/17/2007 | |
07/15/2008 | 07/17/2008 |
| AUG08 | LNQ08 | 08/15/2007 | |
08/14/2008 | 08/18/2008 |
| OCT08 | LNV08 | 10/15/2007 | |
10/14/2008 | 10/16/2008 |
| DEC08 | LNZ08 | 12/17/2007 | |
12/12/2008 | 12/16/2008 |
| FEB09 | LNG09 | 02/15/2008 | |
02/13/2009 | 02/18/2009 |
| APR09 | LNJ09 | 04/15/2008 | |
04/15/2009 | 04/17/2009 |
| MAY09 | LNK09 | 05/15/2008 | |
05/14/2009 | 05/18/2009 |
S&P Press Release: S&P GSCI FPI Index Settlement Delayed Until Friday 5/16
Revised Trading Hours: Cheese Spot Call, Butter Spot Call and Nonfat Dry Milk Contracts
Effective Monday, May 19, 2008, revised trading hours will go into effect for the Spot Dairy and Nonfat Dry Milk contracts.
Free Webinar: Navigating the Uncharted Waters of Weather and Supply and Demand Fundamentals
Industry experts will discuss the impact of current weather on grains and oilseeds and provide an outlook for market prices – June 12 at 2 p.m.
Register
| Brochures Pork F&O Fact Card (PDF) Guide to Hedging with Livestock Products (PDF) |
Subscriptions |
| Cash-Settled Index Commodity Reports Lean Hog Basis Reports |