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

88.725

-1.025

89.800

88.025

100,150

14,916

Feb 15

87.450

-0.400

87.900

86.650

52,946

6,720

Apr 15

88.550

-0.750

89.400

88.075

39,807

2,656

May 15

89.500

+0.000

90.125

89.300

1,030

8

Jun 15

92.700

-0.550

93.250

92.225

19,928

870

Jul 15

91.400

-0.300

91.800

91.000

6,366

175

Aug 15

89.450

+0.000

89.450

88.775

3,960

46

Oct 15

76.800

+0.100

76.800

75.775

1,030

25

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

1.225

+0.125

1.400

1.150

2,010

791

Dec-14

Put

94

6.425

+0.625

6.900

6.525

2,585

364

Dec-14

Call

102

0.225

-0.100

0.250

0.225

3,174

344

Dec-14

Call

93

1.400

-0.450

1.525

1.275

495

310

Dec-14

Put

95

7.200

+0.650

7.575

 

1,405

300

Apr-15

Call

96

2.850

-0.300

2.975

2.700

929

205

Dec-14

Put

93

5.675

+0.575

6.050

5.850

538

200

Dec-14

Call

90

2.425

-0.625

2.575

2.225

1,942

168

Feb-15

Put

86

3.800

+0.025

4.175

3.750

1,966

131

Feb-15

Put

84

2.950

+0.000

3.275

2.925

1,434

116

All Other

 

 

 

 

 

 

 

1,619

Source: Chicago Mercantile Exchange

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CASH & FUNDAMENTALS - Market Summary

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CME Cash Index

Period

CME Lean Hog Index

Pork Cutout Value

Packer margin *

Oct-22 (Wed)

$102.40

$100.94

($0.39)

Oct-21 (Tue)

$111.55

$103.59

$0.13

Oct-20 (Mon)

$111.55

$106.40

$1.53

Oct-17 (Fri)

$111.55

$110.63

$4.66

Oct-16 (Thu)

$111.55

$113.58

$5.91

One Week Ago

$109.10

$116.80

$8.02

Four Weeks Ago

$107.08

$116.71

$9.30

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 23, 2014

Region / measure

Morning

Afternoon

National

Barrows & Gilts

2,414

7,276

Weighted Average Price

$91.35

$91.38

Change From Prior

-$1.46

-$1.43

Iowa/Minnesota

Barrows & Gilts

169

2,741

Weighted Average Price

 

$91.08

Change From Prior

 

-$1.22

Eastern Cornbelt

Barrows & Gilts

2,100

3,060

Weighted Average Price

$94.27

$97.09

Change From Prior

$0.79

$3.61

Western Cornbelt

Barrows & Gilts

314

3,316

Weighted Average Price

$88.98

$90.81

Change From Prior

-$3.20

-$1.37

Source: USDA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hogs slaughtered Under Federal Inspection

Oct-23 (Thu)

429,000

Week Ago

429,000

Year Ago

428,000

Week-to-date

1,708,000

Same Period Last Week

1,712,000

Same Period Last Year

1,716,000

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.