Lean Hogs Futures Contract Specifications
HE · CME · one contract = 40,000 lbs
Lean Hogs futures (HE) trade on CME in 0.025-increment ticks worth $10.00 per contract; a full 1.0-point move is $400.00. One contract covers 40,000 lbs.
Specification table
| Name | Lean Hogs |
| Exchange | CME |
| Ticker symbol | HE |
| Contract unit | 40,000 lbs |
| Tick size | 0.025 |
| Tick value | $10.00 |
| Point value | $400.00 |
| CFTC contract code | 054642 |
| COT report families | legacy, disagg |
| Quote convention | quoted in cents/lb |
Worked tick math
A 10-tick move on 1 Lean Hogs contract (HE) is $100.00 — tick size 0.025 × tick value $10.00. A 1-point move is 40 ticks = $400.00. Ten contracts moving 5 ticks = $500.00.
Run your own numbers: Lean Hogs futures calculator.
Positioning: large speculators are net short 48,802 contracts as of the 2026-07-21 COT report — full Lean Hogs COT data.
FAQ
- What is the tick size and value of Lean Hogs futures?
- Lean Hogs (HE, CME) moves in 0.025 increments worth $10.00 per contract.
- What does one HE contract cover?
- One contract covers 40,000 lbs.
- How much is a full point on HE?
- $400.00 — tick value ÷ tick size.
Related
Lean Hogs COT report
Lean Hogs calculator
Lean Hogs COT history (CSV)
All contract specs
All calculators
Specs verified against exchange sources 2026-07-25; the exchange's own contract page is always authoritative. Not investment advice.