The Chicago Mercantile Exchange officials reported last week that they will add two more trading months to its lean-hog futures contracts. That will bring the total to 11 months.
The new contracts will be effective as of Thursday, May 15, as the May 2008 lean-hog futures contract expires on May 14. The CME Group will list July 2009 and August 2009 futures contracts on the trading floor and on the CME Globex platform.
The futures contract offering was expanded based on requests from market users. It will give futures' traders the opportunity to push hedge positions out further into the future. It is the first expansion of the trading window for lean-hog futures in recent memory, reports a CME spokesperson.
Source: CME. Meatingplace.com