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

106.075

+0.375

106.725

104.900

43,436

13,289

Dec 14

95.850

-0.450

96.950

95.150

98,292

11,064

Feb 15

94.100

+0.550

94.150

92.725

44,300

4,933

Apr 15

92.600

+0.450

92.800

91.900

29,187

2,068

May 15

92.400

+0.400

92.850

92.200

916

13

Jun 15

94.600

-0.200

94.900

94.225

13,734

784

Jul 15

92.250

+0.000

93.000

92.250

3,634

102

Aug 15

89.300

+0.000

90.000

89.300

2,252

81

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

102

0.800

-0.150

1.075

0.700

2,369

561

Dec-14

Call

100

2.650

-0.300

3.100

2.450

2,217

285

Oct-14

Put

94

0.125

-0.025

0.150

0.125

2,259

248

Feb-15

Call

98

3.775

+0.200

3.750

3.250

1,486

210

Feb-15

Put

78

0.775

-0.075

0.875

0.750

1,769

206

Jun-15

Put

84

2.400

+0.050

 

 

2,652

200

Jun-15

Put

96

7.450

+0.100

7.450

 

3,851

200

Jun-15

Call

104

3.300

-0.025

 

 

1,021

200

Dec-14

Call

106

1.125

-0.225

1.375

1.050

1,895

145

Dec-14

Put

74

0.175

+0.025

0.175

0.150

1,478

133

All Other

 

 

 

 

 

 

 

2,315

Source: Chicago Mercantile Exchange

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CASH & FUNDAMENTALS - Market Summary

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CME Cash Index

Period

CME Lean Hog Index

Pork Cutout Value

Packer margin *

Sep-12 (Fri)

$102.26

$105.38

$2.63

Sep-11 (Thu)

$111.55

$106.41

$4.63

Sep-10 (Wed)

$111.55

$104.57

$3.66

Sep-9 (Tue)

$111.55

$104.61

$5.12

Sep-8 (Mon)

$111.55

$102.48

$3.96

One Week Ago

$96.79

$101.83

$4.53

Four Weeks Ago

$113.04

$111.25

($0.77)

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, September 15, 2014

Region / measure

Morning

Afternoon

National

Barrows & Gilts

2,328

5,274

Weighted Average Price

$97.11

$100.72

Change From Prior

-$3.69

-$0.08

Iowa/Minnesota

Barrows & Gilts

205

2,821

Weighted Average Price

 

$103.74

Change From Prior

 

$0.76

Eastern Cornbelt

Barrows & Gilts

2,123

2,298

Weighted Average Price

 

$99.95

Change From Prior

 

$3.17

Western Cornbelt

Barrows & Gilts

205

2,976

Weighted Average Price

 

$103.49

Change From Prior

 

$0.58

Source: USDA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hogs slaughtered Under Federal Inspection

Sep-15 (Mon)

404,000

Week Ago

400,000

Year Ago

432,000

 

 

 

 

 

 

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.