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

87.200

-1.400

89.550

86.150

92,857

19,535

Feb 15

86.950

-1.100

88.750

86.100

58,234

8,948

Apr 15

88.050

-1.050

89.475

87.125

39,800

2,400

May 15

90.000

+0.000

90.625

89.500

1,038

12

Jun 15

92.950

-1.100

94.075

92.350

20,564

1,118

Jul 15

91.400

-1.100

92.350

91.000

6,620

256

Aug 15

88.900

-0.850

89.850

88.475

3,974

478

Oct 15

78.000

-0.200

77.750

77.000

1,128

48

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

84

1.300

+0.200

1.650

0.875

2,413

810

Dec-14

Call

88

2.250

-0.900

3.525

1.850

816

628

Dec-14

Call

92

0.900

-0.600

1.725

0.775

1,527

607

Dec-14

Call

93

0.725

-0.500

1.400

0.625

918

547

Dec-14

Call

101

0.150

-0.100

0.175

0.150

888

357

Dec-14

Call

90

1.450

-0.750

2.525

1.200

2,216

306

Dec-14

Put

93

6.525

+0.900

7.450

5.125

731

224

Dec-14

Put

90

4.250

+0.650

4.925

3.175

5,069

216

Dec-14

Call

91

1.150

-0.675

2.100

1.000

1,088

213

Feb-15

Put

96

10.525

+0.825

10.725

 

723

205

All Other

 

 

 

 

 

 

 

3,438

Source: Chicago Mercantile Exchange

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CASH & FUNDAMENTALS - Market Summary

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CME Cash Index

Period

CME Lean Hog Index

Pork Cutout Value

Packer margin *

Oct-29 (Wed)

$93.03

$98.60

$6.48

Oct-28 (Tue)

$111.55

$97.52

$3.62

Oct-27 (Mon)

$111.55

$99.46

$4.07

Oct-24 (Fri)

$111.55

$98.23

$0.67

Oct-23 (Thu)

$111.55

$100.40

$1.01

One Week Ago

$102.40

$100.94

($0.39)

Four Weeks Ago

$109.73

$121.00

$11.19

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 Thursday, October 30, 2014

Region / measure

Morning

Afternoon

National

Barrows & Gilts

3,155

6,044

Weighted Average Price

$83.68

$85.07

Change From Prior

-$1.78

-$0.39

Iowa/Minnesota

Barrows & Gilts

210

2,825

Weighted Average Price

 

$86.77

Change From Prior

 

$0.55

Eastern Cornbelt

Barrows & Gilts

2,585

2,662

Weighted Average Price

$85.83

$87.97

Change From Prior

$1.09

$3.23

Western Cornbelt

Barrows & Gilts

570

3,357

Weighted Average Price

$84.58

$86.56

Change From Prior

-$1.54

$0.44

Source: USDA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hogs slaughtered Under Federal Inspection

Oct-30 (Thu)

432,000

Week Ago

429,000

Year Ago

432,000

Week-to-date

1,712,000

Same Period Last Week

1,708,000

Same Period Last Year

1,725,000

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.