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Help on Lean Hogs (LH)
Lean Hog Futures are traded on the Chicago Mercantile Exchange.
The price of Lean Hogs is quoted in cents per hundred weight.
The standard contract size is 40,000 hundred weight. The minimum
trading increment is a 0.025 cents.
Lean Hog prices are read as follows:
A price of 44.125 would be read as 44.125 cents per hundred weight
A move from 44.125 to 45.125 would be a difference of $400.00
excluding commissions and fees. The minimum change is 0.025 cents
or $10.00
Formula: $0.45125 - $0.44125 = $0.0100 *40,000 = $400.00
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