Lean hogs Futures Quotes

Commodity and futures prices like lean hogs prices are usually quoted the same way prices are quoted in the cash market (physical market). That is, in dollars, cents, and sometimes fractions of a cent. Different commodities are quoted in different trading units. Lean hogs prices are quoted per ounce. Be certain you understand the price quotation system for the particular commodity that you consider trading.

The CME lean hogs futures contract is a contract for future physical delivery of 40,000 lbs of lean hogs; however, the vast majority of the futures positions are offset well before delivery. The CME lean hogs futures contract is priced in dollars and cents per lb. The lean hogs futures trade in $.0001 increments, equivalent to $4.00 per contract.

Example of Futures Quote:

64.40 means $.6440 per lb

Lean hogs Options Quotes

The CME lean hogs options contract controls 40,000 lbs of lean hogs based on the underlying futures contract.

Example of Options Quote:

2.6 means $.026 per lb
$.026 X 40,000 lbs = $1,040.00