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

95.475

-0.450

96.300

94.650

87,560

16,993

Dec 14

90.375

-0.125

91.025

89.400

70,243

6,487

Feb 15

89.900

-0.025

90.400

89.000

38,542

3,327

Apr 15

91.075

-0.075

91.475

90.400

22,695

2,544

May 15

92.750

-0.050

93.175

92.450

858

17

Jun 15

94.750

-0.050

95.025

94.175

10,138

617

Jul 15

92.850

+0.100

93.000

92.850

2,164

307

Aug 15

91.200

+0.450

91.300

90.850

1,759

114

Source: Chicago Mercantile Exchange

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

Contract

Call Put

Strike

Premium/Change

High - Low

Open Interest

Volume

Jun-15

Call

100

4.775

-0.150

4.700

4.600

205

750

Jun-15

Put

86

3.050

+0.000

 

 

66

733

Jun-15

Call

110

2.275

-0.225

 

2.400

117

730

Oct-14

Call

100

1.125

-0.150

1.300

0.975

2,965

359

Jun-15

Put

94

6.475

+0.075

6.500

6.250

2,690

323

Oct-14

Put

93

1.700

+0.150

1.925

1.450

693

269

Jun-15

Put

80

1.450

-0.025

 

 

3,692

234

Jun-15

Call

108

2.650

-0.225

 

2.750

3,297

225

Dec-14

Put

84

1.850

-0.025

2.100

1.800

2,172

207

Oct-14

Put

96

3.025

+0.200

3.400

2.675

1,836

198

All Other

 

 

 

 

 

 

 

2,022

Source: Chicago Mercantile Exchange

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CASH & FUNDAMENTALS - Market Summary

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CME Cash Index

Period

CME Lean Hog Index

Pork Cutout Value

Packer margin *

Aug-27 (Wed)

$98.24

$98.63

$0.41

Aug-26 (Tue)

$111.55

$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

One Week Ago

$106.11

$106.42

$0.39

Four Weeks Ago

$126.83

$128.78

$2.49

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, August 28, 2014

Region / measure

Morning

Afternoon

National

Barrows & Gilts

3,592

4,296

Weighted Average Price

$90.45

$90.47

Change From Prior

-$1.65

-$1.63

Iowa/Minnesota

Barrows & Gilts

242

762

Weighted Average Price

 

$90.60

Change From Prior

 

-$1.91

Eastern Cornbelt

Barrows & Gilts

3,350

3,525

Weighted Average Price

$94.02

$94.54

Change From Prior

-$2.25

-$1.73

Western Cornbelt

Barrows & Gilts

242

771

Weighted Average Price

 

$90.50

Change From Prior

 

-$2.00

Source: USDA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hogs slaughtered Under Federal Inspection

Aug-28 (Thu)

410,000

Week Ago

406,000

Year Ago

431,000

Week-to-date

1,645,000

Same Period Last Week

1,616,000

Same Period Last Year

1,722,000

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.