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Lean Hogs Futures - May 24 (LHc1)

CME
Symbol
Exchange
Currency
LHc1CMEUSD
LHc2CMEUSD
LHc3CMEUSD
LHc4CMEUSD
LHc5CMEUSD
LHc6CMEUSD
LHc7CMEUSD
Currency in USD
Disclaimer
94.75
-0.17(-0.18%)
Closed

Lean Hogs Futures Discussions

Going to 63 or lower
I agree
so your short?
I have two longs with a 15K loss, and I've been shorting, today made a decent profit by shorting. Currently no short positions but will open on Monday. GL.
If 66.00 is broken it will go to 64.90
ASF still spreading thru Europe, Poland, Bulgaria, Germany could be next, pork prices in EU are moving higher, only in US prices are declining amid record export and trade deal finally done, amazing.. https://www.pigprogress.net/Health/Articles/2020/1/Bulgaria-culls-24000-pigs-to-contain-ASF-523090E/. https://www.porkbusiness.com/article/global-asf-update-virus-spreads-near-germany
What's the trading hours for this and how about evening?
930a to 205p, est. No evening
Even with record exports, China-US deal inked in less than a week, hogs are still dropping. Does not make sense, why do they short it?
so your short
Last time Lean Hogs were so oversold was on October 7 and September 10 last year.
Just closed my short. Have two long positions with a 15k loss, opened 2 months ago. Probably will long tomorrow. Won't go down much more.
70 today
It's already dropping. Lean hogs is the Natural Gas of meats.
Pork exports are all time high, but even this does not make hogs fly, do they really wait for US-China deal to get inked?. "Pork exports for the month of November were tallied at 623.3m lbs according to Census data, which is a record for the month of November, as well as an all-time high for pork exports for any month. The shipments were 21.5% larger than last November (largest Nov/Nov increase since 10/11) and were 19.6% above October."
A major decline is expected in US hog production this quarter, Stewart-Peterson said, which should help tighten supplies, “especially if China becomes a major buyer of US pork.” They said without an “overly bullish” fundamental picture, “today's stabilization appears to be mostly technical in nature.”. . “There's still more potential in the hogs long-term,” Oliver Sloup of Blue Line Futures said after Friday's sharp drop in future prices. That drop came on fears the Iran tensions would hurt the markets. “The chart looks pretty constructive,” he said. “We just need to see consecutive closes here above $70 and we should be in pretty good shape.”. . https://www.agupdate.com/iowafarmertoday/mwo/livestock/lean_hogs/lean-hogs/article_8b5f9a98-30d4-11ea-9f95-b7ef025de6e6.html
don't believe everything you read
 What part, that there will be decline in hog production or that limit drop was due to Iran tensions?. . Also, swine fever in Poland is moving closer to Germany border, Germany being the biggest supplier of pork in EU to China.
none in particular,just brokers comments
Can't break resistance, this will go down.
Other countries help out and buy more US pork.. Now we just need China to start buying more.. https://www.nationalhogfarmer.com/marketing/south-korea-foodservice-sector-now-turning-us-pork-beef
Down limit monday
which Monday?
might b a good time to buy lean hogs
Hahahahaha are you nuts probably headin to 63
 With China deal in the bag? Why would it drop so much, China buying more than ever before?
havent bought yet
what's goin on with hogs?
I believed in the strength of Hogs and held on for two months back in September, October and November. I was wrong and it never rallied. Been Selling all December and see no reason to change before February.
Huge us supply
Was going to do an end of week trade and the market was suspended limit down 7 minutes before close. Further gap down open Monday? Pretty crazy day.
wow lean hogs got slaughtered today.  heh, get it? 'cause hog...
68.61
Another drop like I said. Will go lower.
Hogs are junk
Indeed they are. This won't go up anymore. Will drop before contract expires. Will drop again when new contract starts as well.
70 is the new 80
While April contract is at 78, high was 85 and next rollover is 15 January.
strange no rally for hog when the big good news keep coming, what is happening?
Hogs are not in good shape
u r
February contract was as high as 80 when we did not have a deal, now when we finally have a deal, tensions are easing and China reducing its tariffs as well, price barely hangs onto 70.. It should shoot high 80, current price does not makes sense, it's like someone purposely trying to push price lower but all drops seems to be bought off, I guess the buyers know that becon season is arriving with China buying more pork than ever as well.. This could lead to pork deficit, what you think?. If there was no tariffs on pork, all the pork US has would still not be enough for China.
Beijing will lower import tariffs on pork starting from Jan. 1. https://www.wsj.com/articles/china-to-lower-tariffs-on-some-imports-in-2020-11577066316
All these news seem to have no effect on lean hogs pricing.
 Seems so, now when we finally have real deal and tariff reduction.. Situation in China is as bad as crime syndicates are purposely spreading African swine fever to make money of high pork prices.. https://www.washingtonpost.com/world/asia_pacific/china-chops-tariffs-on-pork-as-soaring-prices-make-it-tougher-to-bring-home-the-bacon/2019/12/23/945aa176-2542-11ea-9cc9-e19cfbc87e51_story.html
Somehow we still ended up -1.19%. When China deal was in talking state, February contract reached as high as 80, now when phase 1 is finally done, confirmed by both sides, we cannot even maintain 70.
Great works are performed not by strength but by perseverance.
Drop before going up.
that's when it takes off,once everyone is shaken out of the tree
Prepare to land in the moon
too much pork available
 Yes but China needs more pork then even US can offer.
china has no money to buy pork from usa
This will go down on Monday, will be back at 66 - 67 levels. Today was a clear example that we won't be going up for a while.
which Monday?
LOL, +5.5% and now all gone
Hogs will still disapoint
cbot
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