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

Aug 14

123.675

+0.050

124.225

122.800

31,382

6,540

Oct 14

106.625

-0.650

108.000

105.800

92,830

10,253

Dec 14

97.350

-0.800

98.775

96.675

64,279

4,154

Feb 15

92.700

-0.875

94.325

92.250

32,301

2,361

Apr 15

93.850

-0.100

94.250

92.975

16,188

1,639

May 15

92.750

-0.250

93.500

92.600

639

9

Jun 15

94.200

-0.600

95.400

93.850

8,252

721

Jul 15

92.400

+0.000

92.600

92.000

1,187

116

Source: Chicago Mercantile Exchange

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

Contract

Call Put

Strike

Premium/Change

High - Low

Open Interest

Volume

Aug-14

Call

125

1.000

-0.150

1.250

0.750

1,239

742

Aug-14

Put

125

2.325

-0.200

2.750

1.900

1,121

716

Oct-14

Put

116

10.475

+0.450

10.650

9.700

710

601

Aug-14

Call

131

0.200

-0.025

0.200

0.175

1,156

544

Aug-14

Call

124

1.400

-0.150

1.650

0.950

1,769

491

Aug-14

Put

124

1.725

-0.200

2.125

1.625

1,682

400

Dec-14

Put

104

9.175

+0.450

9.400

8.450

1,539

400

Oct-14

Call

128

0.150

-0.025

0.150

0.125

578

386

Aug-14

Put

132

8.500

-0.050

9.250

8.275

852

359

Dec-14

Call

98

4.775

-0.500

5.300

4.550

879

355

All Other

 

 

 

 

 

 

 

5,248

Source: Chicago Mercantile Exchange

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CASH & FUNDAMENTALS - Market Summary

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CME Cash Index

Period

CME Lean Hog Index

Pork Cutout Value

Packer margin *

Jul-25 (Fri)

$129.76

$130.98

$1.55

Jul-24 (Thu)

$111.55

$130.73

$0.70

Jul-23 (Wed)

$111.55

$130.81

$0.16

Jul-21 (Mon)

$111.55

$134.04

$1.67

Jul-18 (Fri)

$111.55

$136.78

$3.96

One Week Ago

$133.16

$136.78

$3.96

Four Weeks Ago

$126.80

$131.73

$4.62

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 Monday, July 28, 2014

Region / measure

Morning

Afternoon

National

Barrows & Gilts

4,390

4,900

Weighted Average Price

$121.37

$121.63

Change From Prior

-$2.83

-$2.57

Iowa/Minnesota

Barrows & Gilts

1,365

1,830

Weighted Average Price

$121.83

$122.38

Change From Prior

-$3.54

-$2.99

Eastern Cornbelt

Barrows & Gilts

2,963

2,963

Weighted Average Price

$121.14

$121.14

Change From Prior

-$1.28

-$1.28

Western Cornbelt

Barrows & Gilts

1,427

1,937

Weighted Average Price

$121.84

$122.36

Change From Prior

-$3.36

-$2.84

Source: USDA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hogs slaughtered Under Federal Inspection

Jul-28 (Mon)

397,000

Week Ago

372,000

Year Ago

355,000

 

 

 

 

 

 

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.