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Call Hurley &
Associates at 1-800-524-0342 for more Information
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FUTURES &
OPTIONS - Market Summary
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Lean Hogs (LH) Future contracts
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Contract
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Settle/Change
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High - Low
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Open Interest
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Volume
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Feb 24
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75.450
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-0.350
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76.075
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75.325
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960
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Apr 24
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83.825
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+0.075
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84.425
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83.250
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2,768
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May 24
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88.525
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+0.250
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88.975
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88.150
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35
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Jun 24
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97.500
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+0.300
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97.825
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97.100
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1,089
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Jul 24
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98.375
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+0.375
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98.500
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97.925
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623
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5
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Aug 24
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97.475
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+0.625
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97.575
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96.800
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603
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5
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Oct 24
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84.125
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+0.400
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84.225
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83.625
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320
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Dec 24
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75.925
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+0.200
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76.050
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75.550
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123
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Feb 25
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78.925
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+0.125
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79.075
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78.650
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45
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5
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Apr 25
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82.750
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+0.150
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82.750
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82.575
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1
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May 25
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89.225
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-0.100
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Jun 25
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93.000
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-0.300
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Source: Chicago
Mercantile Exchange
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Lean Hogs (OH) Options contracts (Top 10 by Volume)
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Contract
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Call Put
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Strike
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Premium/Change
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High - Low
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Open Interest
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Volume
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May-24
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P
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80
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1.650
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-0.075
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5
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May-25
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C
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134
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0.725
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-0.025
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5
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Jun-25
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C
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84
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14.500
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-0.225
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5
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May-24
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C
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69
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19.775
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+0.225
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5
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Apr-24
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P
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108
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24.175
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-0.075
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24.650
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23.700
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5
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Jul-24
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P
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144
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45.625
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-0.375
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45.975
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5
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Aug-24
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P
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104
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8.775
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-0.475
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8.950
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5
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Aug-24
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C
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56
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41.475
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+0.625
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41.075
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5
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May-24
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P
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63
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0.125
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-0.025
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5
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Apr-24
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C
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78
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7.100
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-0.025
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7.475
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6.825
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5
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All Other
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2,835
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Source: Chicago
Mercantile Exchange
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CASH &
FUNDAMENTALS - Market Summary
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CME Cash Index
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Period
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CME Lean Hog Index
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Pork Cutout Value
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Packer margin *
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Feb-1 (Thu)
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$73.12
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$87.92
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$14.80
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Jan-31 (Wed)
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$72.71
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$86.88
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$14.17
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Jan-30 (Tue)
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$72.38
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$87.61
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$15.23
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Jan-29 (Mon)
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$71.48
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$87.50
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$16.02
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Jan-26 (Fri)
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$70.60
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$88.49
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$17.89
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One Week Ago
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$69.90
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$88.14
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$18.24
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Four Weeks Ago
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$65.85
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$83.10
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$17.25
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Packer
margin is estimated as the difference between the National Prior
Slaughter Average Price and Pork Cutout Value*
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Sources: USDA
& Chicago Mercantile Exchange
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National & Regional Direct Reports
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Reports as of Friday,
February 2, 2024
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Region / measure
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Morning
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Afternoon
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National
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Weighted
Average Price
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$73.81
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$72.82
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Change From
Prior
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$1.28
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$0.29
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Iowa/Minnesota
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Weighted
Average Price
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$73.47
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$72.31
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Change From
Prior
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$1.32
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$0.16
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Eastern Cornbelt
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Weighted
Average Price
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$75.11
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$74.24
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Change From
Prior
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$1.52
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$0.65
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Western Cornbelt
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Weighted
Average Price
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$73.26
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$72.31
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Change From
Prior
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$1.15
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$0.20
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Source: USDA
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Hogs slaughtered Under Federal Inspection
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Source: USDA
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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.
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