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

Oct 14

95.925

+0.825

97.175

94.600

88,007

21,802

Dec 14

90.500

+0.800

91.500

89.250

68,146

9,142

Feb 15

89.925

+1.125

90.200

88.500

38,396

3,144

Apr 15

91.150

+0.850

91.250

90.050

21,269

3,153

May 15

92.800

+0.200

93.350

92.200

853

11

Jun 15

94.800

+0.700

95.225

94.100

9,919

724

Jul 15

92.750

+0.500

93.500

92.475

2,040

251

Aug 15

90.750

+0.250

91.250

90.200

1,676

152

Source: Chicago Mercantile Exchange

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

Contract

Call Put

Strike

Premium/Change

High - Low

Open Interest

Volume

Oct-14

Put

86

0.275

-0.100

0.300

0.200

3,103

1,071

Oct-14

Put

95

2.350

-0.450

2.350

1.875

710

811

Oct-14

Put

94

1.925

-0.400

2.000

1.400

2,242

752

Oct-14

Call

100

1.275

+0.150

1.600

1.075

2,792

737

Oct-14

Put

91

1.000

-0.225

1.025

0.775

412

556

Apr-15

Put

90

5.400

-0.375

5.700

5.575

1,152

351

Apr-15

Put

80

1.750

-0.150

1.850

1.850

880

341

Dec-14

Put

84

1.875

-0.200

1.975

1.675

2,360

303

Oct-14

Put

92

1.250

-0.275

1.250

0.950

1,931

287

Oct-14

Call

105

0.475

+0.075

0.550

0.450

1,957

275

All Other

 

 

 

 

 

 

 

4,113

Source: Chicago Mercantile Exchange

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CASH & FUNDAMENTALS - Market Summary

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CME Cash Index

Period

CME Lean Hog Index

Pork Cutout Value

Packer margin *

Aug-26 (Tue)

$101.00

$102.19

$3.61

Aug-25 (Mon)

$111.55

$101.92

$0.81

Aug-22 (Fri)

$111.55

$102.84

$0.16

Aug-21 (Thu)

$111.55

$104.99

$1.02

Aug-20 (Wed)

$111.55

$106.42

$0.39

One Week Ago

$110.13

$108.75

$0.99

Four Weeks Ago

$127.91

$130.36

$3.00

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, August 27, 2014

Region / measure

Morning

Afternoon

National

Barrows & Gilts

5,655

11,356

Weighted Average Price

$91.40

$91.96

Change From Prior

-$1.53

-$0.97

Iowa/Minnesota

Barrows & Gilts

1,085

6,631

Weighted Average Price

 

$92.31

Change From Prior

 

-$1.26

Eastern Cornbelt

Barrows & Gilts

3,170

3,240

Weighted Average Price

$94.51

$95.16

Change From Prior

$3.13

$3.78

Western Cornbelt

Barrows & Gilts

1,085

6,716

Weighted Average Price

 

$92.30

Change From Prior

 

-$0.82

Source: USDA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hogs slaughtered Under Federal Inspection

Aug-27 (Wed)

411,000

Week Ago

401,000

Year Ago

433,000

Week-to-date

1,235,000

Same Period Last Week

1,210,000

Same Period Last Year

1,291,000

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.