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

89.750

+1.300

90.225

88.025

101,578

14,668

Feb 15

87.850

+1.775

87.950

86.000

52,440

5,823

Apr 15

89.300

+2.050

89.475

87.175

39,201

3,321

May 15

89.500

+1.500

90.700

88.400

1,018

36

Jun 15

93.250

+1.600

93.475

91.250

19,814

1,598

Jul 15

91.700

+1.650

92.150

90.125

6,327

252

Aug 15

89.450

+1.500

89.500

87.650

3,974

89

Oct 15

76.700

+0.700

76.700

76.400

1,034

8

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

88

2.350

-0.750

3.200

2.175

1,946

566

Dec-14

Call

94

1.550

+0.200

1.700

1.325

1,259

426

Dec-14

Put

90

3.300

-0.900

3.925

3.075

5,865

350

Dec-14

Put

84

1.100

-0.450

1.575

1.000

2,079

325

Dec-14

Call

97

0.900

+0.125

0.950

0.800

1,131

310

Dec-14

Call

100

0.500

+0.050

0.550

0.500

4,168

298

Dec-14

Put

85

1.325

-0.525

1.900

1.225

1,603

263

Apr-15

Call

96

3.150

+0.675

3.200

2.750

763

240

Dec-14

Put

86

1.625

-0.600

2.275

1.500

2,242

200

Apr-15

Put

86

4.225

-0.850

4.500

4.225

1,720

189

All Other

 

 

 

 

 

 

 

3,012

Source: Chicago Mercantile Exchange

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CASH & FUNDAMENTALS - Market Summary

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CME Cash Index

Period

CME Lean Hog Index

Pork Cutout Value

Packer margin *

Oct-21 (Tue)

$104.17

$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

Oct-15 (Wed)

$111.55

$116.80

$8.02

One Week Ago

$109.54

$116.66

$7.25

Four Weeks Ago

$106.54

$116.00

$9.26

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 Wednesday, October 22, 2014

Region / measure

Morning

Afternoon

National

Barrows & Gilts

2,798

6,117

Weighted Average Price

$94.14

$92.83

Change From Prior

-$1.09

-$2.40

Iowa/Minnesota

Barrows & Gilts

346

2,558

Weighted Average Price

 

$92.32

Change From Prior

 

-$3.34

Eastern Cornbelt

Barrows & Gilts

2,432

3,040

Weighted Average Price

$94.31

$93.48

Change From Prior

-$1.16

-$1.99

Western Cornbelt

Barrows & Gilts

366

3,077

Weighted Average Price

 

$92.19

Change From Prior

 

-$2.85

Source: USDA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hogs slaughtered Under Federal Inspection

Oct-22 (Wed)

429,000

Week Ago

428,000

Year Ago

425,000

Week-to-date

1,287,000

Same Period Last Week

1,283,000

Same Period Last Year

1,288,000

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.