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

90.775

-1.000

91.700

89.900

40,164

13,799

Feb 15

90.900

-0.750

91.575

89.900

95,362

15,603

Apr 15

92.750

-0.850

93.225

91.775

50,399

4,905

May 15

94.800

+0.300

95.000

93.875

1,160

84

Jun 15

98.000

+0.000

98.125

96.650

26,234

4,607

Jul 15

96.925

+0.200

96.950

95.450

10,526

865

Aug 15

94.150

+0.150

94.200

92.975

5,146

490

Oct 15

80.600

+0.400

80.700

79.900

2,087

167

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

91

1.650

+0.550

2.100

1.450

1,812

1,136

Dec-14

Put

90

1.200

+0.475

1.625

1.075

5,033

936

Dec-14

Put

92

2.200

+0.625

2.700

1.750

2,849

676

Dec-14

Call

91

1.425

-0.450

1.500

1.100

1,439

617

Dec-14

Call

94

0.450

-0.150

0.475

0.350

2,378

546

Dec-14

Call

92

0.975

-0.375

1.100

0.750

2,717

528

Feb-15

Call

98

1.250

-0.200

1.200

1.050

1,567

514

Feb-15

Call

96

1.725

-0.275

1.800

1.400

1,430

453

Dec-14

Call

93

0.675

-0.250

0.725

0.500

1,372

426

Dec-14

Put

86

0.325

+0.150

0.425

0.275

2,639

415

All Other

 

 

 

 

 

 

 

6,204

Source: Chicago Mercantile Exchange

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CASH & FUNDAMENTALS - Market Summary

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CME Cash Index

Period

CME Lean Hog Index

Pork Cutout Value

Packer margin *

Nov-19 (Wed)

$88.95

$92.37

$3.47

Nov-18 (Tue)

$111.55

$93.74

$4.74

Nov-17 (Mon)

$111.55

$95.48

$6.97

Nov-14 (Fri)

$111.55

$95.47

$7.60

Nov-13 (Thu)

$111.55

$95.41

$7.21

One Week Ago

$88.16

$94.15

$5.84

Four Weeks Ago

$102.40

$100.94

($0.39)

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, November 20, 2014

Region / measure

Morning

Afternoon

National

Barrows & Gilts

2,870

4,770

Weighted Average Price

$84.14

$84.54

Change From Prior

-$1.50

-$1.10

Iowa/Minnesota

Barrows & Gilts

365

1,105

Weighted Average Price

 

$85.79

Change From Prior

 

-$0.66

Eastern Cornbelt

Barrows & Gilts

2,505

2,675

Weighted Average Price

$83.94

$84.04

Change From Prior

$0.07

$0.17

Western Cornbelt

Barrows & Gilts

365

1,135

Weighted Average Price

 

$85.75

Change From Prior

 

-$0.68

Source: USDA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hogs slaughtered Under Federal Inspection

Nov-20 (Thu)

430,000

Week Ago

432,000

Year Ago

436,000

Week-to-date

1,703,000

Same Period Last Week

1,671,000

Same Period Last Year

1,749,000

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.