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

Oct 14

107.975

+0.650

108.800

107.100

25,211

12,117

Dec 14

94.525

-0.325

95.950

93.500

109,987

14,729

Feb 15

90.425

+0.475

91.175

89.375

50,098

5,875

Apr 15

90.675

+1.175

90.975

89.525

35,804

4,719

May 15

90.500

+0.200

91.400

90.325

984

31

Jun 15

94.000

+0.850

94.100

93.050

17,424

1,285

Jul 15

92.025

+1.125

92.150

91.075

4,300

203

Aug 15

89.100

+0.550

89.400

88.425

2,996

145

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

108

1.225

-0.500

1.650

0.900

860

2,032

Oct-14

Call

108

1.200

+0.150

1.600

0.800

1,680

1,694

Oct-14

Put

104

0.275

-0.175

0.350

0.200

3,353

1,500

Oct-14

Put

109

1.800

-0.575

2.275

1.275

87

1,172

Oct-14

Call

110

0.475

+0.050

0.675

0.325

2,703

990

Oct-14

Put

107

0.800

-0.425

1.125

0.575

1,420

870

Oct-14

Call

109

0.775

+0.075

1.025

0.500

1,415

730

Oct-14

Put

100

0.125

-0.075

 

0.125

4,830

723

Oct-14

Call

107

1.775

+0.225

2.200

1.300

2,115

646

Dec-14

Put

88

1.650

+0.000

1.825

1.350

1,612

476

All Other

 

 

 

 

 

 

 

5,714

Source: Chicago Mercantile Exchange

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CASH & FUNDAMENTALS - Market Summary

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CME Cash Index

Period

CME Lean Hog Index

Pork Cutout Value

Packer margin *

Sep-29 (Mon)

$108.96

$120.00

$10.76

Sep-26 (Fri)

$111.55

$118.03

$9.32

Sep-25 (Thu)

$111.55

$118.12

$10.24

Sep-24 (Wed)

$111.55

$116.71

$9.30

Sep-23 (Tue)

$111.55

$116.00

$9.26

One Week Ago

$105.79

$114.61

$8.29

Four Weeks Ago

$96.45

 

 

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, September 30, 2014

Region / measure

Morning

Afternoon

National

Barrows & Gilts

3,641

13,358

Weighted Average Price

$102.27

$106.82

Change From Prior

-$1.95

$2.60

Iowa/Minnesota

Barrows & Gilts

551

8,149

Weighted Average Price

$106.55

$108.89

Change From Prior

-$1.87

$0.47

Eastern Cornbelt

Barrows & Gilts

3,090

3,255

Weighted Average Price

$101.50

$101.51

Change From Prior

-$0.02

-$0.01

Western Cornbelt

Barrows & Gilts

551

10,103

Weighted Average Price

$106.55

$108.54

Change From Prior

-$1.63

$0.36

Source: USDA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hogs slaughtered Under Federal Inspection

Sep-30 (Tue)

424,000

Week Ago

421,000

Year Ago

435,000

Week-to-date

794,000

Same Period Last Week

831,000

Same Period Last Year

869,000

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.