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

Apr 15

65.600

-2.075

67.825

65.275

78,139

22,280

May 15

77.525

-2.775

80.175

77.400

2,938

269

Jun 15

80.525

-2.525

83.175

80.175

52,461

11,202

Jul 15

81.150

-2.475

83.650

80.975

19,697

2,029

Aug 15

81.225

-2.200

83.500

80.700

19,090

3,594

Oct 15

70.025

-2.075

72.200

69.675

19,124

1,727

Dec 15

66.850

-1.700

68.250

66.350

6,959

791

Feb 16

69.025

-1.575

70.300

68.775

1,383

182

Source: Chicago Mercantile Exchange

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

Contract

Call Put

Strike

Premium/Change

High - Low

Open Interest

Volume

Apr-15

Call

68

1.150

-0.875

1.800

0.900

1,437

2,416

Jun-15

Call

100

0.200

-0.150

0.325

0.200

3,175

1,679

Jun-15

Call

90

0.950

-0.600

1.350

0.875

2,066

1,285

Apr-15

Put

64

1.350

+0.550

1.425

0.675

2,392

944

Apr-15

Put

65

1.775

+0.700

1.825

0.900

1,715

925

Apr-15

Call

67

1.500

-1.025

2.225

1.125

775

684

Apr-15

Put

63

1.025

+0.450

1.100

0.475

1,217

555

Jun-15

Call

88

1.300

-0.775

1.625

1.200

1,655

483

Apr-15

Call

66

1.900

-1.200

2.950

1.600

668

469

Apr-15

Call

76

0.150

-0.150

0.175

0.150

628

457

All Other

 

 

 

 

 

 

 

8,031

Source: Chicago Mercantile Exchange

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CASH & FUNDAMENTALS - Market Summary

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CME Cash Index

Period

CME Lean Hog Index

Pork Cutout Value

Packer margin *

Mar-2 (Mon)

$66.67

$68.97

$1.57

Feb-27 (Fri)

$65.59

$69.28

$3.13

Feb-26 (Thu)

$64.49

$68.02

$3.17

Feb-25 (Wed)

$63.38

$68.90

$4.79

Feb-24 (Tue)

$62.06

$70.50

$7.84

One Week Ago

$60.88

$70.66

$9.19

Four Weeks Ago

$69.82

$77.56

$7.99

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, March 03, 2015

Region / measure

Morning

Afternoon

National

Barrows & Gilts

6,895

8,923

Weighted Average Price

$64.18

$64.62

Change From Prior

-$0.06

$0.38

Iowa/Minnesota

Barrows & Gilts

4,175

5,948

Weighted Average Price

$65.42

$65.67

Change From Prior

-$0.79

-$0.54

Eastern Cornbelt

Barrows & Gilts

2,720

2,885

Weighted Average Price

$65.25

$65.00

Change From Prior

-$1.51

-$1.76

Western Cornbelt

Barrows & Gilts

4,175

6,038

Weighted Average Price

$65.42

$65.64

Change From Prior

-$0.64

-$0.42

Source: USDA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hogs slaughtered Under Federal Inspection

Mar-3 (Tue)

435,000

Week Ago

407,000

Year Ago

404,000

Week-to-date

867,000

Same Period Last Week

837,000

Same Period Last Year

799,000

Source: USDA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

This data and these comments are provided for information purposes only and are not intended to be used for specific trading strategies. 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.