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

69.300

-2.300

70.800

68.850

34,448

12,219

Apr 15

70.650

-2.225

71.925

70.000

92,506

23,923

May 15

76.775

-2.750

78.725

76.725

1,475

50

Jun 15

80.200

-2.950

82.225

80.150

44,583

9,461

Jul 15

80.725

-2.425

81.750

80.150

11,733

4,329

Aug 15

80.525

-2.250

81.575

79.775

11,646

1,682

Oct 15

70.650

-2.150

72.000

69.850

6,835

914

Dec 15

66.100

-2.800

68.000

66.050

3,059

169

Source: Chicago Mercantile Exchange

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lean Hogs (OH) Options contracts (Top 10 by Volume)

Contract

Call Put

Strike

Premium/Change

High - Low

Open Interest

Volume

Feb-15

Put

70

1.675

+0.975

1.900

0.800

959

1,390

Jun-15

Put

80

4.550

+1.400

4.625

3.725

7,115

936

Feb-15

Put

84

14.700

+2.275

14.725

13.400

2,566

722

Jun-15

Put

84

7.075

+1.875

7.050

6.025

3,034

668

Jun-15

Put

94

14.900

+2.550

14.625

 

5,086

600

Feb-15

Put

69

1.150

+0.725

1.275

0.725

80

575

Jun-15

Put

88

9.975

+2.225

9.950

9.950

2,201

539

Feb-15

Call

76

0.125

-0.125

0.150

0.100

848

530

Feb-15

Put

72

3.125

+1.600

3.225

1.900

1,129

522

Apr-15

Put

72

4.275

+1.300

4.525

3.700

1,289

499

All Other

 

 

 

 

 

 

 

11,317

Source: Chicago Mercantile Exchange

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CASH & FUNDAMENTALS - Market Summary

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CME Cash Index

Period

CME Lean Hog Index

Pork Cutout Value

Packer margin *

Jan-22 (Thu)

$73.57

$84.26

$10.98

Jan-21 (Wed)

$74.11

$85.77

$11.90

Jan-20 (Tue)

$74.55

$85.79

$11.44

Jan-19 (Mon)

$75.02

$84.10

$9.35

Jan-15 (Thu)

$75.58

$83.21

$7.94

One Week Ago

$75.58

$83.21

$7.94

Four Weeks Ago

$79.81

 

 

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 Friday, January 23, 2015

Region / measure

Morning

Afternoon

National

Barrows & Gilts

2,040

5,797

Weighted Average Price

$69.42

$67.65

Change From Prior

$1.07

-$0.70

Iowa/Minnesota

Barrows & Gilts

25

2,820

Weighted Average Price

 

$69.04

Change From Prior

 

-$0.06

Eastern Cornbelt

Barrows & Gilts

2,015

2,720

Weighted Average Price

$69.58

$66.22

Change From Prior

$1.64

-$1.72

Western Cornbelt

Barrows & Gilts

25

3,047

Weighted Average Price

 

$68.94

Change From Prior

 

-$0.16

Source: USDA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hogs slaughtered Under Federal Inspection

Jan-23 (Fri)

424,000

Week Ago

420,000

Year Ago

422,000

Week-to-date

2,121,000

Same Period Last Week

2,173,000

Same Period Last Year

2,069,000

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.