Call Hurley & Associates at 1-573-225-5728 for more Information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hogs

Daily Market Report

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Twitter: http://www.markethogs.com/

 

 

Web: http://www.leanhog.net/

 

 

EMail:Jeremy Knuson

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FUTURES & OPTIONS - Market Summary

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lean Hogs (LH) Future contracts

Contract

Settle/Change

High - Low

Open Interest

Volume

Dec 14

90.950

-0.375

92.375

90.200

33,261

13,962

Feb 15

89.825

-0.675

91.475

89.250

97,951

15,210

Apr 15

91.650

-0.900

93.375

91.075

51,726

4,668

May 15

94.700

-0.800

96.100

94.500

1,212

126

Jun 15

98.300

-0.850

99.575

97.975

29,608

5,064

Jul 15

97.050

-0.900

98.050

96.450

11,048

1,460

Aug 15

94.100

-0.800

95.350

93.850

5,607

472

Oct 15

81.400

+0.200

81.500

80.700

2,381

184

Source: Chicago Mercantile Exchange

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lean Hogs (OH) Options contracts (Top 10 by Volume)

Contract

Call Put

Strike

Premium/Change

High - Low

Open Interest

Volume

Dec-14

Put

92

1.775

+0.100

2.300

0.975

2,639

2,303

Dec-14

Call

92

0.725

-0.275

1.325

0.500

2,883

1,130

Dec-14

Put

93

2.500

+0.175

3.075

1.500

759

1,104

Dec-14

Call

91

1.150

-0.325

1.950

0.825

1,761

836

Dec-14

Put

90

0.775

+0.000

1.050

0.400

5,198

796

Dec-14

Put

91

1.200

+0.050

1.575

0.650

1,399

446

Dec-14

Call

93

0.450

-0.200

0.875

0.325

1,407

382

Feb-15

Call

92

2.425

-0.475

3.225

2.275

1,400

278

Dec-14

Put

89

0.500

+0.000

0.700

0.275

855

272

Dec-14

Put

88

0.325

+0.000

0.450

0.200

2,110

267

All Other

 

 

 

 

 

 

 

4,608

Source: Chicago Mercantile Exchange

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CASH & FUNDAMENTALS - Market Summary

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CME Cash Index

Period

CME Lean Hog Index

Pork Cutout Value

Packer margin *

Nov-24 (Mon)

$88.74

$93.16

$4.44

Nov-21 (Fri)

$111.55

$93.46

$4.71

Nov-20 (Thu)

$111.55

$92.72

$3.90

Nov-19 (Wed)

$111.55

$92.37

$3.47

Nov-18 (Tue)

$111.55

$93.74

$4.74

One Week Ago

$88.13

$95.48

$6.97

Four Weeks Ago

$96.59

$99.46

$4.07

Packer margin is estimated as the difference between the National Prior Slaughter Average Price and Pork Cutout Value*

Sources: USDA & Chicago Mercantile Exchange

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

National & Regional Direct Reports

Reports as of Tuesday, November 25, 2014

Region / measure

Morning

Afternoon

National

Barrows & Gilts

3,041

9,908

Weighted Average Price

$84.46

$85.97

Change From Prior

-$1.28

$0.23

Iowa/Minnesota

Barrows & Gilts

111

3,458

Weighted Average Price

$86.23

$87.28

Change From Prior

-$0.38

$0.67

Eastern Cornbelt

Barrows & Gilts

2,775

3,095

Weighted Average Price

$86.17

$84.45

Change From Prior

$1.16

-$0.56

Western Cornbelt

Barrows & Gilts

266

3,613

Weighted Average Price

$86.39

$87.25

Change From Prior

-$0.22

$0.64

Source: USDA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hogs slaughtered Under Federal Inspection

Nov-25 (Tue)

434,000

Week Ago

420,000

Year Ago

435,000

Week-to-date

869,000

Same Period Last Week

847,000

Same Period Last Year

862,000

Source: USDA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

This data and these comments are provided for information purposes only and are not intended to be used for specific trading startegies. Although all information is believed to be reliable, we cannot guarantee its accuracy or completeness. Commodity trading involves risks, and you should fully understand those risks before trading.