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

Apr 15

67.475

+0.325

68.150

66.200

77,409

20,414

May 15

79.900

+0.600

80.575

78.900

2,825

227

Jun 15

82.875

+0.250

83.925

81.875

49,521

10,116

Jul 15

83.175

-0.325

84.375

82.525

19,388

2,638

Aug 15

83.100

-0.450

84.125

82.650

18,783

3,264

Oct 15

72.150

+0.675

72.500

71.100

18,690

1,538

Dec 15

68.200

+0.800

68.600

67.400

6,785

335

Feb 16

70.250

+0.875

70.800

69.950

1,314

176

Source: Chicago Mercantile Exchange

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

Contract

Call Put

Strike

Premium/Change

High - Low

Open Interest

Volume

Apr-15

Put

64

1.075

-0.100

1.500

0.950

2,494

1,580

Apr-15

Call

68

2.150

+0.150

2.450

1.700

1,391

801

Apr-15

Call

70

1.375

+0.100

1.575

1.075

1,460

544

Apr-15

Call

66

3.225

+0.200

3.525

2.600

406

534

Apr-15

Call

74

0.525

+0.025

0.600

0.425

1,622

472

Jun-15

Put

80

2.900

-0.125

3.175

2.600

5,988

468

Apr-15

Call

73

0.675

+0.025

0.775

0.550

958

375

Apr-15

Call

72

0.850

+0.050

1.000

0.675

1,806

319

Apr-15

Put

63

0.825

-0.075

1.050

0.700

962

258

Oct-15

Call

84

1.325

+0.025

1.300

1.200

1,455

250

All Other

 

 

 

 

 

 

 

3,436

Source: Chicago Mercantile Exchange

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CASH & FUNDAMENTALS - Market Summary

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CME Cash Index

Period

CME Lean Hog Index

Pork Cutout Value

Packer margin *

Feb-26 (Thu)

$64.49

$68.02

$3.17

Feb-25 (Wed)

$63.38

$68.90

$4.79

Feb-24 (Tue)

$62.06

$70.50

$7.84

Feb-23 (Mon)

$60.88

$70.66

$9.19

Feb-20 (Fri)

$60.40

$70.77

$10.31

One Week Ago

$60.27

$71.57

$11.25

Four Weeks Ago

$71.13

$77.96

$7.17

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 Friday, February 27, 2015

Region / measure

Morning

Afternoon

National

Barrows & Gilts

2,277

4,630

Weighted Average Price

$63.70

$64.31

Change From Prior

-$1.24

-$0.63

Iowa/Minnesota

Barrows & Gilts

312

2,374

Weighted Average Price

$64.72

$66.26

Change From Prior

-$1.66

-$0.12

Eastern Cornbelt

Barrows & Gilts

1,965

1,965

Weighted Average Price

$64.47

$63.69

Change From Prior

-$0.26

-$1.04

Western Cornbelt

Barrows & Gilts

312

2,645

Weighted Average Price

$64.72

$66.01

Change From Prior

-$1.44

-$0.15

Source: USDA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hogs slaughtered Under Federal Inspection

Feb-27 (Fri)

426,000

Week Ago

423,000

Year Ago

404,000

Week-to-date

2,092,000

Same Period Last Week

2,100,000

Same Period Last Year

2,089,000

Source: USDA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

This data and these comments are provided for information purposes only and are not intended to be used for specific trading strategies. 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.