Looking for lean hog future prices? Check out this CME group rates api in a click!
Manage the risk inherent to the US pork industry with Lean Hog futures and options. Engage in price discovery for individual markets and access arbitrage and spread opportunities with other commodities, all with the convenience of cash settlement. Lean Hogs futures (HE) at CME Group allow you the opportunity to profit from or hedge against the price movements of this meat.
In commodity market terminology, “lean hog” refers to industrially raised pigs or hogs. These animals are slaughtered for pork and are the primary source of pork sold in the United States. Pigs give birth to large litters and can grow to a slaughter weight of 250 pounds in as little as six months. A slaughtered hog yields about 90 pounds of lean pork.
Pork production is relatively diversified, although the U.S. is the leading producer, with most production in North Carolina, Minnesota, and Illinois. Each lean hog futures contract equals 40,000 pounds with a minimum price fluctuation of $0.00025 per pound, or $10 per tick. The contract trades Monday through Friday from 8:30 a.m. to 1:05 p.m. Central Time (CT).
About the CME Group
The CME Group Product Slate provides access to most of our products. The searchable and sortable slate links to product contract specifications and also provides the previous day’s volume and open interest data.
About Lean Hog Trade
Lean pork futures are traded on the Chicago Mercantile Exchange and CME Group’s Globex electronic trading platform. The contract is for 40,000 pounds or 18 metric tons of pork carcasses. Quotations are in U.S. dollars with a minimum fluctuation of $10 per contract. The trading symbol for lean hogs is LH.
The futures market is dominated by commodities. If you want to invest in any of these commodities, you need to use the Commodities API platform, which works through an API.
How Can You Get Log Hog Prices?
CME group rates API is quite simple to use; all you have to do is follow this guide. First, ,make an account. Then look for symbols that match your commodities and currency searches. Remember to make an API request with your selected commodity as symbols and the currencies you want to use as the base currency.
Do You Have Access to Previous Reports?
Yes, “historical rates” are available for most currencies, and have been since August 2021. You may query the Commodities-API API for historical rates by adding a date (format YYYY-MM-DD) to the basic URL.
Where Can I Get More Information About This API?
Have questions? Send an email to [email protected] or use the virtual chat on the website. In either case, there is extensive documentation on the website that explains each Commodities API feature in detail. Detailed API documentation, intuitive code samples and a clear API structure allow you to implement the API in less than 10 minutes.
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