Difference between revisions of "CME Group Lean Hogs"

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|ctype    =  Agricultural
 
|ctype    =  Agricultural
 
|cash    =  Y
 
|cash    =  Y
|months  =  Feb Apr, May, Jun, Jul, Aug, Oct, and Dec. (Nine months listed at a time on [[CME Globex]])
+
|months  =  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
 
|fnd      =  <!-- Rules for determining First Notice Date, or blank if none -->
 
|fnd      =  <!-- Rules for determining First Notice Date, or blank if none -->
|ltd      =  Trading terminates on the 10th business day of the contract month
+
|ltd      =  10th business day of the contract month, 12:00 p.m.
|unit    =  40,000 pounds
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|unit    =  40,000 pounds (~18 metric tons)
 
|ptdesc  =  <!-- Description of one contract point, e.g. 0.0001 cents per pound -->
 
|ptdesc  =  <!-- Description of one contract point, e.g. 0.0001 cents per pound -->
 
|ptval    =  $0.01 per hundred pounds = $4.00
 
|ptval    =  $0.01 per hundred pounds = $4.00
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|elSym    =  HE
 
|elSym    =  HE
 
|outcry  =  y
 
|outcry  =  y
|ooHours  =  9:05 a.m. to 1:00 p.m. Last Trading Day - 12:00 p.m.
+
|ooHours  =  Monday - Friday: 8:30 a.m. - 1:05 p.m. CT
 
|ooLimit  =  $0.03/lb, $1200  
 
|ooLimit  =  $0.03/lb, $1200  
 
|ooSym    =  LH
 
|ooSym    =  LH
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|opPtval  =  1 point = $0.0001 per hundred pounds = $4.00
 
|opPtval  =  1 point = $0.0001 per hundred pounds = $4.00
 
|opTickPt  =  <!-- option tick size in points -->
 
|opTickPt  =  <!-- option tick size in points -->
|opTickVal =  Regular - $0.00025/lb=$10.00; Cabinet trades - $0.000125/lb=$5.00
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|opTickVal =  Full Tick = $.00025 per pound (=$10 per contract);  
 +
Half Tick = $.000125 per pound (=$5 per contract)
  
 
|opExercise=  American
 
|opExercise=  American
 
|opElect=  x
 
|opElect=  x
|opEHours  =  Mon-Thurs 5:00 p.m.-4:00 p.m.; Shutdown period from 4:00 p.m.-5:00 p.m.; Sun & Hol 5:00 p.m.-4:00 p.m. Chicago time
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|opEHours  =  Monday - Friday: 8:30 a.m. - 1:05 p.m. CT
 
|opELimit  =  <!-- Daily price limit for open outcry contract; leave blank if none -->
 
|opELimit  =  <!-- Daily price limit for open outcry contract; leave blank if none -->
|opESym    =  See to left.
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|opESym    =  HE
 
|opOutcry  = x  
 
|opOutcry  = x  
|opOHours  =  9:05 a.m.-1:02 p.m. Chicago time. Last Trading Day - 12:00 p.m.
+
|opOHours  =  Monday - Friday: 8:30 a.m. - 1:02 p.m. CT.
 
|opOLimit  =  <!-- Daily price limit for open outcry contract; leave blank if none -->
 
|opOLimit  =  <!-- Daily price limit for open outcry contract; leave blank if none -->
|opOSym    =  Calls/Puts=LN; Ticker Calls=CH; Ticker Puts=PH; Globex=HE
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|opOSym    =  Put: PH Call: CH
 
|opStrike  =  All listed intervals
 
|opStrike  =  All listed intervals
 
}}
 
}}
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== Resources ==
 
== Resources ==
[http://www.cmegroup.com CME Group Web site]
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*[http://www.cmegroup.com CME Group Web site][[Category:CME Group]]
[[Category:CME Group]]
+
*[http://www.cmegroup.com/confluence/display/EPICSANDBOX/Livestock Lean Hog Settlement Procedures]
 +
*[http://www.cmegroup.com/rulebook/files/position-limits-cme.xlsx CME Position Limits]
 +
*[http://www.cmegroup.com/rulebook/CME/II/150/152/152.pdf CME 152]
 +
*[http://www.cmegroup.com/clearing/trading-practices/block-trades.html#nymexComexProducts Block Minimum Thresholds]
 +
*[http://www.cmegroup.com/tools-information/vendorSymbol.html Quote Vendor Symbols Listing]

Latest revision as of 15:33, 14 June 2018

SONIA Futures MarketsWiki 728x120.jpg

CME Group Lean Hogs are a cash-settled futures contract. The lean hog contract replaced the physically delivered live hog contract. Futures and futures options on lean hogs are based on a 40,000-pound contract, and are offered for trading both on through open outcry at CME Group and on the CME Globex electronic trading platform.

The contract months in the lean hog futures are February, April, May, June, July, August, October and December. The commodity symbol for the floor-traded hogs is LH, and for Globex-traded hogs, HE.

On December 4, 2006, CME launched options on live cattle and lean hogs futures traded on the CME Globex electronic trading platform.


Lean Hog futures
Exchange CME Group
Settlement Cash settled
Contract Size 40,000 pounds (~18 metric tons)
Pricing Unit $0.01 per hundred pounds = $4.00
Tick Value $0.00025/lb or $10.00/contract
Contract Months 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
Last Trading Day 10th business day of the contract month, 12:00 p.m.
  Open Outcry Electronic
Trading Hours Monday - Friday: 8:30 a.m. - 1:05 p.m. CT Mon-Thurs 5:00 p.m.-4:00 p.m.; Shutdown period from 4:00 p.m.-5:00 p.m.: Sun & Hol 5:00 p.m.-4:00 p.m. Chicago time. Last Trading Day - 12:00 p.m.
Ticker Symbol LH HE
Price Limits $0.03/lb, $1200 $0.03/lb, $1200
 
Lean Hog options
Trade Unit One futures contract
Point Value 1 point = $0.0001 per hundred pounds = $4.00
Tick Value Full Tick = $.00025 per pound (=$10 per contract);

Half Tick = $.000125 per pound (=$5 per contract)

Option Months Eight months of Feb, Apr, May, Jun, Jul, Aug, Oct, Dec and Flex Options
Strike Prices All listed intervals
Exercise Style American
  Open Outcry Electronic
Trading Hours Monday - Friday: 8:30 a.m. - 1:02 p.m. CT. Monday - Friday: 8:30 a.m. - 1:05 p.m. CT
Ticker Symbol Put: PH Call: CH HE
Price Limits N/A N/A

Futures Contracts Volume

In 2014, the volume of CME Group Lean Hogs futures traded ranked twentieth among all agricultural futures and options contracts according to the FIA.

Year Total Annual Volume Percent Change
2014 10,656,944 (-)5.5%
2013 11,227,038 (-)1.6%
2012 11,461,892 15.0%
2011 9,969,961 --

Also See

CME Group commodity products

Resources