Live Hog Futures

Ticker Symbol: LH

Trading Unit: 40,000 lbs. U.S. No. 1, 2, 3 barrows and gilts

Description: 230-260 lbs. per head avg. wt.; at least 150 head must be 230 260 lbs.; 215-230 and 260-280 lbs. per head avg. wt. deliverable at a discount.

Price Quote: $ per hundred pounds (or cents/pound)

Min Price Fluct: $.025/pound; $10.00/tick

Daily Price Limit: $1.50/pound; $600.00/contract

Contract Months: Feb, Apr, Jun, Jul, Aug, Oct, Dec

Trading Hours: 8:45 am - 1: 00 p.m. Chicago Time: Last day: 8:45 am-12:00 p.m.

Last Day of Trading: The business day preceding the last five business days of the contract month, unless there are two or fewer delivery days remaining, in which case trading shall terminate on the business day preceding the final three delivery days of the contract months.

Delivery Days: Any business day of the contract month, except Fridays, the day preceding a holiday, or prior to the second business day following the expiration of live hog options of the contract month.

Delivery Points: Peoria, Omaha, Sioux City and Sioux Falls at par; East St. Louis ,at $0.25/cwt. discount; St. Joseph at $0.50/cwt. discount; and St. Paul at $0.75/cwt. discount.


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