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Contract specifications
- Contract symbol
- HEQ7
- Product
- Lean Hogs (HE)
- Exchange
- CME
- Delivery month
- August 2027 (code Q)
- Last trading day
- August 13, 2027
- Default rolls on
- August 9, 2027 (4 days before)
- Tick size
- 0.025
- Tick value
- $10.00
- Point value
- $400.00
- Next delivery
- HEV7 (October 14, 2027)
When HEQ7 stops trading
Trading terminates on the 10th business day of the contract month. For HEQ7 that falls on August 13, 2027.
Senzoukria stops offering HEQ7 as the default contract on August 9, 2027, 4 calendar days before that last trading day, and keeps it selectable with a badge. The date is computed from the exchange rule rather than stored. The engine counts Monday to Friday and holds no CME holiday table, so a date that falls next to a public holiday can be one day off the exchange calendar. Check the exchange calendar when the date sits close to a holiday.
When the volume actually leaves
Livestock contracts follow the production calendar, so the listed months are uneven and the gap between two deliveries can be two months. The active month is the one carrying the volume.
For HEQ7 the next listed delivery is HEV7, whose last trading day is October 14, 2027. That is the contract the volume moves into, just as it moved out of HEN7 on July 10, 2027.
What one tick is worth on HEQ7
The minimum price fluctuation is 0.025, which is $10.00 per contract on a multiplier of 400. A full point is therefore $400.00. On a footprint chart one row is one tick, so the same vertical space holds a different number of rows depending on the product: a tick of 0.025 sets how finely the bid and ask volume of HE can be read.
These are the values the app itself trades on, taken from its contract table rather than retyped, so the P&L shown on a HEQ7 position and the rows of its footprint come from the same numbers.
Every HE delivery listed in 2027
HE lists 8 delivery months a year (G, J, K, M, N, Q, V, Z). HEQ7 is number 6 of 8 in 2027.
| Contract | Delivery | Last trading day | Default rolls on |
|---|---|---|---|
| HEG7 | Feb 2027 | Feb 12, 2027 | Feb 8, 2027 |
| HEJ7 | Apr 2027 | Apr 14, 2027 | Apr 10, 2027 |
| HEK7 | May 2027 | May 14, 2027 | May 10, 2027 |
| HEM7 | Jun 2027 | Jun 14, 2027 | Jun 10, 2027 |
| HEN7 | Jul 2027 | Jul 14, 2027 | Jul 10, 2027 |
| HEQ7 (this page) | Aug 2027 | Aug 13, 2027 | Aug 9, 2027 |
| HEV7 | Oct 2027 | Oct 14, 2027 | Oct 10, 2027 |
| HEZ7 | Dec 2027 | Dec 14, 2027 | Dec 10, 2027 |
Related pages
- HE futures
- Contract roll
- Futures month codes
- Tick value
- Front month contract
- Back month contract
- Roll yield
- HEV7
- HEN7
- HE 2027
- LEQ7
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Frequently asked questions
- When does HEQ7 expire?
- The last trading day of HEQ7 is August 13, 2027. Trading terminates on the 10th business day of the contract month.
- When should I roll out of HEQ7?
- The app switches its default to the next listed month on August 9, 2027, which is HEV7. In practice the volume moves before the calendar does, so compare the traded volume and open interest of the two months rather than waiting for the last trading day.
- How much is one tick of HEQ7 worth?
- One tick of 0.025 is $10.00 per contract, and a full point is $400.00, on a multiplier of 400.