Lean Hogs
Bullish Signallivestock · Last COT: 2026-08-25
This page combines weekly CFTC Commitments of Traders positioning for Lean Hogs futures with seasonality, price context, and macro indicators. Percentiles show where the latest net position sits relative to its recent history; extremes can reveal crowded or washed-out positioning, but they are context rather than a standalone trade signal.
At a glance
A reading of the inputs, not a trade recommendation.
Net positioning
Managed Money net positioning is low versus the last two years (4th percentile).
Crowd risk
Gross long exposure is not at the dashboard's concentration threshold.
Price context
Price sits 11% through its 52-week range, without a flagged price-positioning divergence.
Seasonality and macro
Neutral seasonal bias for week 35. Macro is mixed.
Compare these inputs together. A low net-position percentile can coexist with high gross-long concentration, and price or macro can point in a different direction.
As of 2026-08-28 · +1.28 (+1.6%)
77.80 — 104.45
WoW: -7,101 (-24.5%)
WoW: +2,864 (+24.1%)
WoW: -2,245 (-3.0%)
WoW: -2,685 (-3.7%)
Based on 52 observations
Based on 105 observations
Week 35 · 21y avg
21 years of data
Price Context
Price is near 52-week lows (11%) and managed money is heavily short (4th percentile) — price and positioning are aligned bearish. Contrarian bounce potential increases at these extremes.
COT Baseline Price
As of 2026-08-24
+0.4000 (+0.50%) WoW
52-Week Range
11%
Divergence
No DivergenceSeasonality
Macro Context
Rising corn prices increase feed costs for cattle and hog producers, squeezing margins and potentially reducing supply long-term.
A widening feeder-to-live cattle spread signals improving feedlot margins. A narrowing spread suggests margin pressure.
A stronger dollar makes US meat exports less competitive globally. A weaker dollar supports export demand for livestock products.
Elevated volatility can disrupt supply chains and consumer spending patterns, creating uncertainty for livestock markets.
Last 52 Weeks
CSV export includes up to five years of weekly observations.
| Date | MM Net | Producer Net | Swap Net | CIT Net | Open Interest | 52-wk %ile | 105-wk %ile | Z-Score | WoW Chg |
|---|---|---|---|---|---|---|---|---|---|
| 2026-08-25 | -36,098 | -9,008 | +73,235 | +69,444 | 275,011 | 7.7% | 3.8% | -2.16 | -7,101 (-24.5%) |
| 2026-08-18 | -28,997 | -11,872 | +75,480 | +72,129 | 275,817 | 9.6% | 4.8% | -2.06 | -4,634 (-19.0%) |
| 2026-08-11 | -24,363 | -16,967 | +73,502 | +70,226 | 265,819 | 15.4% | 7.6% | -1.99 | -5,184 (-27.0%) |
| 2026-08-04 | -19,179 | -20,254 | +71,508 | +69,322 | 261,932 | 17.3% | 8.6% | -1.91 | -61 (-0.3%) |
| 2026-07-28 | -19,118 | -25,543 | +68,655 | +66,332 | 268,375 | 17.3% | 8.6% | -1.92 | +8,673 (+31.2%) |
| 2026-07-21 | -27,791 | -20,681 | +69,173 | +66,691 | 267,566 | 11.5% | 5.7% | -2.11 | +15,390 (+35.6%) |
| 2026-07-14 | -43,181 | -9,733 | +72,886 | +62,763 | 284,729 | 1.9% | 1.0% | -2.44 | -2,791 (-6.9%) |
| 2026-07-07 | -40,390 | -9,177 | +71,445 | +63,215 | 296,501 | 1.9% | 1.0% | -2.42 | -1,979 (-5.2%) |
| 2026-06-30 | -38,411 | -12,528 | +72,781 | +71,805 | 293,852 | 1.9% | 1.0% | -2.42 | -4,759 (-14.1%) |
| 2026-06-23 | -33,652 | -18,715 | +74,623 | +75,141 | 289,711 | 1.9% | 1.0% | -2.37 | -5,012 (-17.5%) |
| 2026-06-16 | -28,640 | -13,542 | +74,333 | +77,330 | 306,985 | 1.9% | 1.0% | -2.31 | -4,179 (-17.1%) |
| 2026-06-09 | -24,461 | -28,885 | +70,575 | +78,231 | 311,971 | 1.9% | 1.0% | -2.27 | -4,612 (-23.2%) |
| 2026-06-02 | -19,849 | -33,450 | +73,150 | +82,301 | 322,263 | 1.9% | 1.0% | -2.22 | -21,281 (-1486.1%) |
| 2026-05-26 | +1,432 | -47,176 | +72,729 | +87,551 | 326,000 | 1.9% | 7.6% | -1.78 | -21,378 (-93.7%) |
| 2026-05-19 | +22,810 | -59,449 | +69,677 | +86,731 | 326,378 | 1.9% | 12.4% | -1.32 | -6,401 (-21.9%) |
| 2026-05-12 | +29,211 | -62,261 | +67,616 | +86,864 | 321,286 | 1.9% | 12.4% | -1.19 | -9,476 (-24.5%) |
| 2026-05-05 | +38,687 | -68,195 | +65,306 | +87,300 | 316,426 | 3.8% | 17.1% | -0.98 | -7,415 (-16.1%) |
| 2026-04-28 | +46,102 | -78,055 | +65,880 | +86,875 | 316,938 | 7.7% | 22.9% | -0.82 | -8,774 (-16.0%) |
| 2026-04-21 | +54,876 | -85,807 | +66,055 | +87,763 | 311,272 | 9.6% | 27.6% | -0.62 | -23,155 (-29.7%) |
| 2026-04-14 | +78,031 | -95,602 | +64,345 | +91,054 | 328,732 | 26.9% | 40.0% | -0.07 | -10,695 (-12.1%) |
| 2026-04-07 | +88,726 | -105,007 | +64,737 | +95,120 | 330,222 | 36.5% | 49.5% | 0.19 | +3,204 (+3.7%) |
| 2026-03-31 | +85,522 | -103,617 | +66,575 | +97,262 | 329,500 | 34.6% | 45.7% | 0.12 | -8,248 (-8.8%) |
| 2026-03-24 | +93,770 | -109,378 | +69,248 | +98,323 | 337,624 | 44.2% | 59.0% | 0.33 | -15,966 (-14.5%) |
| 2026-03-17 | +109,736 | -124,114 | +70,215 | +104,004 | 359,264 | 61.5% | 72.4% | 0.72 | -10,874 (-9.0%) |
| 2026-03-10 | +120,610 | -135,634 | +69,951 | +101,211 | 372,459 | 76.9% | 82.9% | 1.00 | +3,009 (+2.6%) |
| 2026-03-03 | +117,601 | -135,894 | +70,594 | +103,894 | 376,669 | 75.0% | 81.0% | 0.94 | +6,468 (+5.8%) |
| 2026-02-24 | +111,133 | -134,496 | +75,504 | +108,561 | 366,573 | 67.3% | 75.2% | 0.80 | -85 (-0.1%) |
| 2026-02-17 | +111,218 | -127,037 | +70,010 | +108,452 | 371,449 | 67.3% | 76.2% | 0.82 | -17,245 (-13.4%) |
| 2026-02-10 | +128,463 | -142,547 | +68,332 | +109,298 | 383,680 | 84.6% | 89.5% | 1.25 | +5,067 (+4.1%) |
| 2026-02-03 | +123,396 | -138,613 | +68,039 | +109,743 | 375,763 | 80.8% | 86.7% | 1.15 | +13,859 (+12.7%) |
| 2026-01-27 | +109,537 | -128,187 | +70,563 | +116,229 | 357,214 | 71.2% | 78.1% | 0.84 | +17,321 (+18.8%) |
| 2026-01-20 | +92,216 | -121,017 | +71,969 | +117,833 | 333,416 | 53.8% | 63.8% | 0.44 | +13,558 (+17.2%) |
| 2026-01-13 | +78,658 | -106,230 | +71,053 | +115,094 | 304,725 | 40.4% | 54.3% | 0.14 | +261 (+0.3%) |
| 2026-01-06 | +78,397 | -100,600 | +65,619 | +110,057 | 303,764 | 38.5% | 54.3% | 0.15 | +2,090 (+2.7%) |
| 2025-12-30 | +76,307 | -96,226 | +62,295 | +106,375 | 295,500 | 34.6% | 52.4% | 0.12 | +4,130 (+5.7%) |
| 2025-12-23 | +72,177 | -94,761 | +62,945 | +106,116 | 288,934 | 30.8% | 50.5% | 0.04 | +12,164 (+20.3%) |
| 2025-12-16 | +60,013 | -88,235 | +61,657 | +104,177 | 290,827 | 25.0% | 41.9% | -0.20 | +17,153 (+40.0%) |
| 2025-12-09 | +42,860 | -76,231 | +61,493 | +100,926 | 301,110 | 9.6% | 30.5% | -0.55 | +5,971 (+16.2%) |
| 2025-12-02 | +36,889 | -75,982 | +59,776 | +99,928 | 306,231 | 3.8% | 26.7% | -0.66 | -4,985 (-11.9%) |
| 2025-11-25 | +41,874 | -75,629 | +56,418 | +100,087 | 308,325 | 5.8% | 29.5% | -0.54 | -8,738 (-17.3%) |
| 2025-11-18 | +50,612 | -79,466 | +54,721 | +99,473 | 313,263 | 9.6% | 36.2% | -0.35 | -21,604 (-29.9%) |
| 2025-11-04 | +72,216 | -104,601 | +52,268 | +103,127 | 331,800 | 21.2% | 51.4% | 0.11 | -19,898 (-21.6%) |
| 2025-10-28 | +92,114 | -115,115 | +50,324 | +107,249 | 336,308 | 32.7% | 63.8% | 0.53 | -23,525 (-20.3%) |
| 2025-10-21 | +115,639 | -126,810 | +50,897 | +108,869 | 335,180 | 63.5% | 81.9% | 1.03 | -13,472 (-10.4%) |
| 2025-10-14 | +129,111 | -133,283 | +50,505 | +109,998 | 348,658 | 80.8% | 90.5% | 1.32 | -11,949 (-8.5%) |
| 2025-10-07 | +141,060 | -140,819 | +50,708 | +111,147 | 361,635 | 98.1% | 99.0% | 1.59 | -3,894 (-2.7%) |
| 2025-09-30 | +144,954 | -147,961 | +51,100 | +109,937 | 376,558 | 100.0% | 100.0% | 1.71 | +4,851 (+3.5%) |
| 2025-09-23 | +140,103 | -143,316 | +51,138 | +108,467 | 380,110 | 98.1% | 99.0% | 1.65 | -198 (-0.1%) |
| 2025-09-16 | +140,301 | -138,429 | +49,573 | +105,881 | 383,142 | 100.0% | 100.0% | 1.70 | +9,198 (+7.0%) |
| 2025-09-09 | +131,103 | -135,079 | +49,620 | +104,453 | 373,491 | 94.2% | 97.1% | 1.54 | +11,767 (+9.9%) |
| 2025-09-02 | +119,336 | -130,681 | +51,506 | +103,048 | 363,921 | 80.8% | 90.5% | 1.32 | +10,270 (+9.4%) |
| 2025-08-26 | +109,066 | -123,517 | +51,853 | +100,498 | 342,352 | 71.2% | 85.7% | 1.13 | +6,472 (+6.3%) |
Who Is Holding
Weekly holder positioning stacked by net size in contracts
Each holder is merged to a net position, then stacked from the largest holder at the bottom to the smallest at the top.