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

Feb 15

81.875

+1.400

82.900

80.275

97,494

12,635

Apr 15

83.225

+1.325

84.025

81.700

51,596

4,608

May 15

87.450

+1.500

87.450

86.500

1,194

48

Jun 15

90.875

+1.975

91.175

88.700

31,741

3,152

Jul 15

90.000

+1.475

90.575

88.325

10,390

694

Aug 15

89.150

+1.425

89.450

87.725

8,078

331

Oct 15

77.250

+0.800

77.500

76.050

3,837

134

Dec 15

73.025

+0.775

73.275

71.700

2,382

64

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

Put

72

0.750

-0.200

0.925

0.700

2,559

2,000

Feb-15

Call

86

1.625

+0.325

1.950

1.350

859

498

Feb-15

Put

82

3.150

-0.850

3.250

2.875

2,833

178

Feb-15

Call

83

2.600

+0.475

3.075

2.500

44

153

Feb-15

Call

82

3.025

+0.550

3.600

2.500

218

135

Feb-15

Put

76

0.850

-0.425

1.250

0.825

2,582

134

Apr-15

Call

98

0.950

+0.200

1.000

0.825

1,219

127

Apr-15

Call

90

2.250

+0.375

2.475

2.075

943

126

Feb-15

Put

77

1.125

-0.475

1.250

1.050

204

114

Feb-15

Put

72

0.250

-0.200

0.350

0.275

238

101

All Other

 

 

 

 

 

 

 

2,494

Source: Chicago Mercantile Exchange

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CASH & FUNDAMENTALS - Market Summary

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CME Cash Index

Period

CME Lean Hog Index

Pork Cutout Value

Packer margin *

Dec-17 (Wed)

$85.15

$87.23

$2.60

Dec-16 (Tue)

$111.55

$88.58

$2.91

Dec-15 (Mon)

$111.55

$92.73

$6.52

Dec-12 (Fri)

$111.55

$91.93

$5.03

Dec-11 (Thu)

$111.55

$90.46

$2.63

One Week Ago

$88.34

$91.41

$3.14

Four Weeks Ago

$88.95

$92.37

$3.47

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, December 18, 2014

Region / measure

Morning

Afternoon

National

Barrows & Gilts

3,121

4,869

Weighted Average Price

$76.55

$76.35

Change From Prior

-$1.15

-$1.35

Iowa/Minnesota

Barrows & Gilts

95

1,508

Weighted Average Price

 

$76.05

Change From Prior

 

-$1.58

Eastern Cornbelt

Barrows & Gilts

2,930

2,945

Weighted Average Price

$79.69

$76.64

Change From Prior

$1.94

-$1.11

Western Cornbelt

Barrows & Gilts

191

1,924

Weighted Average Price

$75.24

$75.91

Change From Prior

-$2.43

-$1.76

Source: USDA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hogs slaughtered Under Federal Inspection

Dec-18 (Thu)

430,000

Week Ago

428,000

Year Ago

436,000

Week-to-date

1,722,000

Same Period Last Week

1,716,000

Same Period Last Year

1,746,000

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.