Products & Trading » Commodities » Lean Hogs
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Lean Hogs

Product Overview

Options on Lean Hog futures provide a way to:

  • Effectively manage the price risk that merchandisers, producers, processors and others have related to the purchase or sale of lean hogs
  • Utilize some strategies to allow hedgers to reduce price level risk while retaining the opportunity to improve their purchase or selling price
  • Trade based on price movement, spreads or market volatility

 

Things to Know:

  • You can view free electronic real-time price quotes on Lean Hog options, including:
    • Best bids and offers
    • Daily trading activity
    • Outright and spread markets
  • Contracts trade virtually 24 hours a day on the CME Globex electronic trading platform and side by side during regular trading hours on the CME Group trading floor
  • Sign up for free daily email commentary on CME Group Livestock markets by visiting www.dailylivestockreport.com
  • Electronically traded Lean Hog options offer:
    • Direct participation in the trading process
    • Greater pricing efficiency
    • Millisecond response time
    • Designated market makers
    • Implied spread functionality

 

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General News & Announcements for Agricultural Commodity
RSS

Education Series: Using Options to Hedge Commodity Price Risk

Webinars begin Thursday, August 7, 2008. In-person days are August 14 and 15, 2008.


An Introduction to Grain Calendar and Basis Swaps

Learn how cleared OTC agricultural swaps can be of use in today’s volatile commodity markets


Price Limit Update

Get details on price limit increases for CME Group Grain and Oilseed products.

Market Regulation Advisory


CME Product Market Data
Report Type

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Contract Specification View
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Trade Unit One Lean Hogs Futures Contract
Settle Method Delivery
Point Size 1 point = $.0001 per hundred pounds = $4.00
Strike Price Interval Cents per pound. First month only - $0.01 intervals, e.g. $0.48, $0.49, $0.50 etc. All other months - $0.02 intervals, e.g. $0.48, $0.50, $0.52 etc
Strike
Limits/Price Banding n/a
Tick Size (Minimum Fluctuation)
Regular0.00025/lb=$10.00
Cab0.000125/lb=$5.00
Trading Hours 9:05 a.m. Monday - 1:30 p.m. Friday with daily shutdown period from 4:00 p.m. - 5:00 p.m. LTD (12:00 p.m.) Friday Close 1:30 p.m. LTD Close 12:00 p.m.
Listed
Product Codes Clearing Calls/Puts=LN Ticker Calls=CH Ticker Puts=PH Globex=HE
Minimum Block Size
Product Calendar Eight months of Feb, Apr, May, Jun, Jul, Aug, Oct, Dec and Flex® Options.
View current product listings
Trade Unit One Lean Hogs Futures Contract
Settle Method Delivery
Point (Tick) Size 1 point = $.0001 per hundred pounds = $4.00
Strike Price Interval Cents per pound. First month only - $0.01 intervals, e.g. $0.48, $0.49, $0.50 etc. All other months - $0.02 intervals, e.g. $0.48, $0.50, $0.52 etc
Strike All listed intervals
Limits/Price Banding n/a
Minimum Fluctuation
Regular0.00025/lb=$10.00
Cab0.000125/lb=$5.00
Trading Hours 9:05 a.m.-1:02 p.m. LTD Close 12:00 p.m.
Listed
Product Codes Clearing Calls/Puts=LN Ticker Calls=CH Ticker Puts=PH Globex=HE
Minimum Block Size
Product Calendar Eight months of Feb, Apr, May, Jun, Jul, Aug, Oct, Dec and Flex® Options.
View current product listings
General News & Announcements for Agricultural Commodity
RSS

Education Series: Using Options to Hedge Commodity Price Risk

Webinars begin Thursday, August 7, 2008. In-person days are August 14 and 15, 2008.


An Introduction to Grain Calendar and Basis Swaps

Learn how cleared OTC agricultural swaps can be of use in today’s volatile commodity markets


Price Limit Update

Get details on price limit increases for CME Group Grain and Oilseed products.

Market Regulation Advisory


Contracts Currently Eligible to Trade and Recently Expired Contracts
Contract Month Product Code First Trade Date Last Trade Date Settlement Date
OCT08 LNV08 10/15/2007 Add to Outlook 10/14/2008 10/16/2008
DEC08 LNZ08 12/17/2007 Add to Outlook 12/12/2008 12/16/2008
FEB09 LNG09 02/15/2008 Add to Outlook 02/13/2009 02/18/2009
APR09 LNJ09 04/15/2008 Add to Outlook 04/15/2009 04/17/2009
MAY09 LNK09 05/15/2008 Add to Outlook 05/14/2009 05/18/2009
JUN09 LNM09 06/16/2008 Add to Outlook 06/12/2009 06/16/2009
JUL09 LNN09 07/16/2008 Add to Outlook 07/15/2009 07/17/2009
AUG09 LNQ09 08/15/2008 Add to Outlook 08/14/2009 08/18/2009
General News & Announcements for Agricultural Commodity
RSS

Education Series: Using Options to Hedge Commodity Price Risk

Webinars begin Thursday, August 7, 2008. In-person days are August 14 and 15, 2008.


An Introduction to Grain Calendar and Basis Swaps

Learn how cleared OTC agricultural swaps can be of use in today’s volatile commodity markets


Price Limit Update

Get details on price limit increases for CME Group Grain and Oilseed products.

Market Regulation Advisory