|Contract Unit||1 futures contract for 40,000 pounds|
|Minimum Price Fluctuation||
Full Tick = $.00025 per pound (=$10 per contract);
Half Tick = $.000125 per pound (=$5 per contract)
|Price Quotation||U.S. cents per pound|
|Trading Hours||CME ClearPort:||Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. – 6:00 p.m. CT||Open Outcry:||Monday - Friday: 8:30 a.m. - 1:05 p.m. CT|
|Product Code||CME Globex: HECME ClearPort: LNOpen Outcry: Put: PH Call: CHClearing: LN|
|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
|Termination Of Trading||Trading terminates on the10th business day of the contract month, 12:00 p.m.|
|Position Limits||CME Position Limits|
|Exchange Rulebook||CME 152A|
|Vendor Codes||Quote Vendor Symbols Listing|
|Strike Price Listing Procedures||Strikes listed for 50% of the underlying settlement price above and below the at-the-money strike at $0.02 per pound increments in all months and additional strikes listed for 25% of the underlying settlement price above and below the at-the-money strike at $0.01 per pound increments in the nearest 3 months.|
|Exercise Procedure||American Style See CME Rule 152A02|
|Underlying||Lean Hog Futures|