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Lean Hog Futures Contract Specs

Contract Unit 40,000 pounds
Price Quotation U.S. cents per pound
Trading Hours Monday - Friday: 8:30 a.m. - 1:05 p.m. CT
Minimum Price Fluctuation 0.00025 per pound = $10.00
Product Code CME Globex: HE
CME ClearPort: LN
Clearing: LN
TAS: HET
Listed Contracts Monthly contracts listed as follows:
2 May and 2 Jun contracts listed the first business day in December
2 Jul contracts listed the first business day in February
2 Aug contracts listed the first business day in April
2 Oct contracts listed the first business day in May
2 Dec contracts listed the first business day in June
2 Feb contracts listed the first business day in August
2 Apr contracts listed the first business day in October
Settlement Method Financially Settled
Termination Of Trading Trading terminates on 10th business day of the contract month.
Trade At Marker Or Trade At Settlement Rules Trading at settlement is available for the first 5 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.
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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