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

Dec 14

88.600

-1.600

90.500

87.950

94,668

18,131

Feb 15

88.050

-1.250

89.200

87.125

56,624

7,801

Apr 15

89.100

-0.450

89.575

87.650

40,005

4,094

May 15

90.000

+0.500

91.000

89.675

1,031

31

Jun 15

94.050

+0.500

94.125

92.775

20,005

1,848

Jul 15

92.500

+0.300

92.500

91.350

6,601

246

Aug 15

89.750

+0.050

89.850

89.000

3,972

49

Oct 15

78.200

+0.000

78.025

77.825

1,132

12

Source: Chicago Mercantile Exchange

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

Contract

Call Put

Strike

Premium/Change

High - Low

Open Interest

Volume

Dec-14

Call

95

0.825

-0.500

1.350

0.750

739

1,021

Dec-14

Call

90

2.200

-0.975

3.200

1.975

2,304

453

Dec-14

Put

84

1.100

+0.225

1.200

0.975

2,213

361

Jun-15

Call

100

4.250

+0.175

4.250

3.975

1,516

333

Dec-14

Call

96

0.675

-0.425

1.100

0.600

1,870

299

Jun-15

Call

98

4.975

+0.225

5.000

4.575

853

275

Jun-15

Call

108

2.250

+0.100

2.200

2.050

4,909

252

Jun-15

Put

86

3.150

-0.125

3.350

3.225

1,984

252

Dec-14

Put

95

7.225

+1.100

7.700

6.100

1,030

239

Dec-14

Call

93

1.225

-0.675

1.925

1.100

785

226

All Other

 

 

 

 

 

 

 

3,305

Source: Chicago Mercantile Exchange

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CASH & FUNDAMENTALS - Market Summary

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CME Cash Index

Period

CME Lean Hog Index

Pork Cutout Value

Packer margin *

Oct-28 (Tue)

$94.61

$97.52

$3.62

Oct-27 (Mon)

$111.55

$99.46

$4.07

Oct-24 (Fri)

$111.55

$98.23

$0.67

Oct-23 (Thu)

$111.55

$100.40

$1.01

Oct-22 (Wed)

$111.55

$100.94

($0.39)

One Week Ago

$104.17

$103.59

$0.13

Four Weeks Ago

$109.45

$121.62

$11.98

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, October 29, 2014

Region / measure

Morning

Afternoon

National

Barrows & Gilts

3,434

7,486

Weighted Average Price

$84.63

$85.51

Change From Prior

-$2.13

-$1.25

Iowa/Minnesota

Barrows & Gilts

410

3,590

Weighted Average Price

 

$86.33

Change From Prior

 

-$1.30

Eastern Cornbelt

Barrows & Gilts

3,024

3,724

Weighted Average Price

$84.61

$84.74

Change From Prior

-$1.73

-$1.60

Western Cornbelt

Barrows & Gilts

410

3,762

Weighted Average Price

 

$86.27

Change From Prior

 

-$1.10

Source: USDA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hogs slaughtered Under Federal Inspection

Oct-29 (Wed)

431,000

Week Ago

421,000

Year Ago

430,000

Week-to-date

1,286,000

Same Period Last Week

1,279,000

Same Period Last Year

1,293,000

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.