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

Aug 14

119.150

-2.300

121.400

118.450

27,375

17,966

Oct 14

103.700

-2.375

106.750

103.075

95,478

24,307

Dec 14

94.450

-2.150

96.800

93.600

64,149

8,655

Feb 15

90.150

-1.950

92.325

89.100

34,158

5,963

Apr 15

89.500

-2.825

92.500

89.325

17,545

1,217

May 15

89.500

-2.200

91.900

89.025

671

44

Jun 15

91.350

-2.350

93.600

90.700

8,410

971

Jul 15

89.800

-2.600

92.125

89.400

1,290

95

Source: Chicago Mercantile Exchange

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

Contract

Call Put

Strike

Premium/Change

High - Low

Open Interest

Volume

Oct-14

Put

100

2.100

+0.475

2.375

1.450

2,919

1,542

Aug-14

Put

126

7.000

+2.125

7.500

5.000

2,760

832

Aug-14

Call

121

0.675

-1.050

1.600

0.525

223

757

Oct-14

Call

126

0.100

-0.075

0.150

0.100

880

600

Aug-14

Call

127

0.125

-0.125

0.175

0.100

1,853

534

Oct-14

Call

114

0.750

-0.500

1.375

0.650

1,474

525

Oct-14

Call

115

0.625

-0.450

1.175

0.575

1,064

511

Aug-14

Put

121

2.525

+1.250

2.850

1.300

797

493

Aug-14

Put

118

0.800

+0.400

1.075

0.350

1,107

444

Aug-14

Put

119

1.225

+0.625

1.600

0.550

907

435

All Other

 

 

 

 

 

 

 

12,574

Source: Chicago Mercantile Exchange

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CASH & FUNDAMENTALS - Market Summary

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CME Cash Index

Period

CME Lean Hog Index

Pork Cutout Value

Packer margin *

Jul-29 (Tue)

$127.91

$130.36

$3.00

Jul-28 (Mon)

$111.55

$130.25

$1.78

Jul-25 (Fri)

$111.55

$130.98

$1.55

Jul-24 (Thu)

$111.55

$130.73

$0.70

Jul-23 (Wed)

$111.55

$130.81

$0.16

One Week Ago

$132.57

$133.04

$0.67

Four Weeks Ago

$128.17

$129.86

$1.41

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 Wednesday, July 30, 2014

Region / measure

Morning

Afternoon

National

Barrows & Gilts

4,496

8,901

Weighted Average Price

$119.39

$120.00

Change From Prior

-$2.51

-$1.90

Iowa/Minnesota

Barrows & Gilts

1,361

4,271

Weighted Average Price

$120.00

$121.12

Change From Prior

-$2.04

-$0.92

Eastern Cornbelt

Barrows & Gilts

3,085

4,295

Weighted Average Price

$123.43

$118.92

Change From Prior

$2.69

-$1.82

Western Cornbelt

Barrows & Gilts

1,411

4,606

Weighted Average Price

$120.00

$121.01

Change From Prior

-$1.98

-$0.97

Source: USDA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hogs slaughtered Under Federal Inspection

Jul-30 (Wed)

406,000

Week Ago

395,000

Year Ago

410,000

Week-to-date

1,198,000

Same Period Last Week

1,165,000

Same Period Last Year

1,176,000

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.