Hey everyone! Something tells me I'm wrong here, would appreciate clarity: Lean Hogs contract: 40,000 pounds per contract Price is dollars and cents per pound Current trading price is 76.7. So the notional value is approximately $3 Million. According to the CME, the initial margin is $1,300. $1,300 to control $3 Million in notional value? 2,360x leverage? Something isn't right (most likely I've misunderstood something here - can't see how you can make money at 2360x leverage; a .0433% move against you will wipe out your margin)