Lean Hog Futures Contract Specs

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: HE CME ClearPort: LN Clearing: LN TAS: 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 the first 3 contract months and calendar spreads between all the contract months 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
Block Minimum	Block Minimum Thresholds
Price Limit Or Circuit	Price Limits
Vendor Codes	Quote Vendor Symbols Listing

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