Livestock & Dairy » Lean Hog Futures

Our user-friendly trading platform and exceptional customer service help you to get in on the bustling agricultural market of lean hog futures. Open an account to trade futures at optionsXpress.

Symbol
LH
Exchange
CME
Contract Size
40,000 lbs
Tick Size
0.025 = $10.00

About CME Lean Hog Futures

Livestock producers face a great deal of risk. One is uncertain weather, which affects feed costs, the availability of feed and forage, rates of gain, conception rates, survivability of young animals, and shipment. Another risk is the constant threat of disease - livestock producers know that staying on top of animal health requires the best management in agriculture. Producers have managed such production risk with top-notch husbandry practices. But no amount of husbandry can address market risk - the uncertainty of prices at market time, owing to shifting supply and demand factors. That's where the futures market comes in.

CME live hog futures were introduced in 1966 and have undergone considerable improvements over time, including a new name - lean hogs - that became effective in February 1997. Along with a new name, new and improved specifications make this contract an even more viable hedging tool for producers and packers throughout the United States. The new cash settlement feature also makes the lean hog futures contract a viable hedging tool for international producers and pork importers/exporters.

optionsXpress offers trading in lean hog futures at the CME. We give livestock producers and processors the ability to use hog futures to manage their price risk. Speculators can also trade hog futures in hopes of profiting from changes in the price of hogs.

CME Lean Hog Futures Specifications

Lean hog futures, Chicago Mercantile Exchange, symbol LH. The contract size is 40,000 lbs. The minimum tick size is $0.025/cwt, worth $10 per contract.

Trade electronically on Globex Monday 10:05 AM US EST to 5:00 PM US EST, Tuesday through Thursday 6:00 PM US EST until 5:00 PM US EST, and closes Friday at 2:55 PM US EST.

Principal trading months for lean hog futures include February, April, May, June, July, August, October, and December.

Please see the disclosures page for additional information regarding this section.