Lean Hogs
Lean Hogs market insights
Pivot points are a technical indicator that traders use to predict upcoming areas of technical significance, such as support and resistance. They're calculated by averaging the high, low and closing prices of a previous period. That could be a day, a week or a month.
If a market is trading above its previous pivot point (known as P), it is seen as a bullish signal. If it is below, it is bearish.
Support and resistance levels are a core part of technical analysis, providing crucial insight into possible future price reversals.
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Lean Hogs details
Lean Hogs are a commodity traded on global markets as futures contracts. Lean Hogs futures trade on the Chicago Mercantile Exchange (CME) and have done since 1966.
Each Lean Hogs contract is for 40,000 pounds of meat, although the underlying market is delivered in live produce. It is the most traded pork-based commodity, and a key livestock market alongside Live Cattle and Feeder Cattle.
Like any commodity, the price of Lean Hogs is dependent on supply and demand. The weather and feed prices can both have a key impact on the supply side.
| Margin from | 20.0 % |
| Min trade size | 1 |
| Long | 0 |
| Short | 0 |
| Min stop distance | 0.0 Points |
| Guaranteed order minimum | 0.1 Points |
Spreads
| Spreads from | 9.0 Points |
Margins
| 0 + | 20.0 % |
Dealing
| Spreads from | 9.0 Points |
Margins
| 0 + | 20.0 % |
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