Contract Specifications
Descriptions
CME Group Lean Hogs contract: Hog (barrow and gilt) carcasses
CME Group Live Cattle contract: 55% Choice, 45% Select, Yield Grade 3 live steers
Contract Sizes
40,000 Pounds
CME Globex Electronic Trading Hours
Monday 9:05 a.m. - Friday 1:55 p.m. Central Time
Daily trading halts 4:00 p.m. - 5:00 p.m. Central Time
Contract Listings
Lean Hogs: Feb, Apr, May, Jun, Jul, Aug, Oct, Dec
Live Cattle: Feb, Apr, Jun, Aug, Oct, Dec
Pricing Unit
Cents per pound
Minimum Price Fluctuation
$.00025 per pound ($10 per contract)
Final Settlement
Lean Hogs: Cash Settlement
Live Cattle: Physical Delivery
Daily Price Limit
Lean Hogs: $.03 above or below previous day's settlement price; none for expiring contract in last 2 trading days.
Live Cattle: $.03 above or below previous day's settlement price
Margin Requirements
As of January, 2012 initial speculative margin requirements:
Lean Hogs: $1,688
Live Cattle: $1,620
Margin requirements are subject to change.CME Globex Trading Symbols
Lean Hogs: HE
Live Cattle: LE