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Lean Hog Futures Contract Specs

Contract Unit 40,000 pounds
Price Quotation U.S. dollars and cents per Pound
Trading Hours Monday - Friday: 8:30 a.m. - 1:05 p.m. CT
Minimum Price Fluctuation 0.025 per lbs=$1,000.00
Product Code CME Globex: HE
CME ClearPort: LN
Clearing: 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
Settlement Method Financially Settled
Termination Of Trading Trading terminates on 10th business day of the contract month in "ctm"
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