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

Apr 15

62.425

+1.125

62.900

61.300

21,132

8,649

May 15

68.725

+0.525

69.850

67.950

3,474

224

Jun 15

75.800

+0.250

77.775

75.500

96,971

20,008

Jul 15

77.150

+0.525

78.950

76.650

22,945

3,664

Aug 15

77.725

+0.450

79.425

77.375

34,409

6,684

Oct 15

69.150

+0.650

70.150

68.625

25,985

3,321

Dec 15

66.100

+0.825

66.925

65.475

11,080

783

Feb 16

69.300

+0.900

69.500

68.375

2,164

213

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

62

0.875

-0.750

1.425

0.775

1,320

1,034

Apr-15

Put

61

0.500

-0.575

0.925

0.500

1,106

766

Apr-15

Call

60

2.725

+0.725

2.850

2.000

1,892

624

Jun-15

Put

70

1.250

-0.150

1.275

0.950

4,332

606

Jun-15

Put

76

3.550

-0.225

3.325

2.750

2,644

467

Apr-15

Put

56

0.075

-0.050

0.100

0.050

561

436

Apr-15

Put

57

0.100

-0.100

0.125

0.100

1,179

373

Jul-15

Call

90

0.750

-0.050

1.100

1.050

2,341

351

Apr-15

Call

63

0.850

+0.250

1.050

0.550

928

348

Aug-15

Call

82

3.000

+0.125

3.525

3.150

234

337

All Other

 

 

 

 

 

 

 

4,981

Source: Chicago Mercantile Exchange

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CASH & FUNDAMENTALS - Market Summary

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CME Cash Index

Period

CME Lean Hog Index

Pork Cutout Value

Packer margin *

Mar-30 (Mon)

$59.70

$64.56

$4.86

Mar-27 (Fri)

$59.96

$64.65

$4.95

Mar-26 (Thu)

$60.39

$66.71

$6.42

Mar-25 (Wed)

$60.81

$66.26

$5.75

Mar-24 (Tue)

$61.31

$67.45

$6.34

One Week Ago

$61.81

$67.37

$5.87

Four Weeks Ago

$66.67

$68.97

$1.57

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, March 31, 2015

Region / measure

Morning

Afternoon

National

Barrows & Gilts

3,893

5,771

Weighted Average Price

$55.91

$54.92

Change From Prior

$0.79

-$0.20

Iowa/Minnesota

Barrows & Gilts

129

1,649

Weighted Average Price

$54.47

$56.47

Change From Prior

-$2.12

-$0.12

Eastern Cornbelt

Barrows & Gilts

2,970

2,970

Weighted Average Price

$56.76

$57.12

Change From Prior

-$1.74

-$1.38

Western Cornbelt

Barrows & Gilts

473

2,318

Weighted Average Price

$55.60

$56.25

Change From Prior

-$0.80

-$0.15

Source: USDA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hogs slaughtered Under Federal Inspection

Mar-31 (Tue)

426,000

Week Ago

432,000

Year Ago

411,000

Week-to-date

861,000

Same Period Last Week

866,000

Same Period Last Year

808,000

Source: USDA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

This data and these comments are provided for information purposes only and are not intended to be used for specific trading strategies. 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.