What is the current price for live hogs?
Agriculture
| Name | Price | Unit |
|---|---|---|
| Live Cattle | 1.38 | USD per lb. |
| Lean Hog | 0.74 | USD per lb. |
| Corn | 5.86 | USD per Bushel |
| Feeder Cattle | 1.67 | USD per lb. |
What is the market price for butcher hogs?
USDA says the 51-52% lean live hog price averaged $43.18/cwt. in 2020. They are predicting an average price close to $69.45/cwt. this year and an average around $61.00/cwt.
How much is a lean hog contract?
The Contract Each Lean Hogs futures contract represents 40,000 pounds, with a minimum price fluctuation of $. 00025 per pound, or $10 per tick. The contract trades Monday-Friday from 8:30 a.m. to 1:05 p.m. Central Time (CT).
What is a lean type hog?
Lean Hog is a type of hog (pork) futures contract that can be used to hedge and to speculate on pork prices. The contracts are for 40,000 pounds of Lean Hogs, and call for cash settlement based on the CME Lean Hog Index, which is a two-day weighted average of cash markets.
How much meat do you get from a 300 pound hog?
From what we’ve experienced, a pasture raised pig will yield 70-75% of hanging weight. We’d expect a pig this size to produce 120 to 150 lbs of packaged meat.
How much meat will a 250 pound hog yield?
A 250 lb. hog will yield approximately 144 lbs. of retail cuts. Around 28% of a hog’s live weight is inedible product removed during the slaughter and dressing procedure bringing our 250 lb.
What are orange juice futures?
The FCOJ-A futures contract is the world benchmark contract for the global frozen concentrated orange juice market. The contract prices physical delivery of U.S. Grade A juice (with grading performed by the U.S. Department of Agriculture), in storage in exchange licensed warehouse in several U.S. delivery points.
How many pounds is a lean hog?
40,000 pounds
Lean Hogs Feb ’22 (HEG22)
| Barchart Symbol | HE |
|---|---|
| Contract Size | 40,000 pounds |
| Months | Feb, Apr, May, Jun, Jul, Aug, Oct, Dec (G, J, K, M, N, Q, V, Z) |
| Trading Hours | 8:30a.m. – 1:05p.m. (Settles 1:00p.m.) CST |
| Value of One Futures Unit | $400 |
Why are hog futures so high?
Pork prices have been rising, led by higher pork belly values, as retailers and restaurants stock up in anticipation of improved meat demand as economies re-open from coronavirus shutdowns and warmer weather ushers in the outdoor grilling season. Strong pork exports, notably to China, added support.
Why are hogs so expensive?
“Export demand has remained strong, and countries such as China continue to import U.S. pork, which is contributing to high prices,” he said. “The number of hogs in the US has contracted over the course of the past year, in part due to COVID, and the lower supply is pushing up prices.