Monday, November 11, 2019
    

Daily Market Outlook

 

Daily Market Outlook Report


Daily Market Outlook Report

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Date: Monday, Nov 11, 2019  
Yesterday CME Constructed (201) price was: $60.33
Compared to the previous day, the price is up $0.09
Yesterday average Exchange rate was: 1.3223
Yesterday 100% formula price was: $143.96 ckg DW
Yesterday daily US hog volume was: 728,000 head
Compared to 724,000 head this time last week


We also know that:

The CME Constructed price is expected to decrease 0.41 cwt.

Yesterday's US Afternoon National Direct Hog Report announced the following price trend: Barrow's and gilts compared to Prior Day's close $0.39 lower.


The most recent USDA wholesale pork prices (US$/cwt) are as follows:

Description Price Change From Prior Day
Carcass $81.600 $1.400
Loin $69.400 ($0.400)
Butt $85.710 $0.270
Picnic $67.420 $1.400
Rib $129.150 ($0.180)
Ham $82.450 $4.030
Belly $117.320 $2.540



The most recent Canadian Dollar Future Prices on the Chicago Mercantile Exchange are as follows:

Description Price Change From Prior Day
December 2019 CD 0.75600 (0.00265)
March 2020 CD 0.75635 (0.00260)
June 2020 CD 0.75640 (0.00260)
September 2020 CD 0.75640 (0.00240)



The most recent closing Lean Hog Future Prices on the Chicago Mercantile Exchange are as follows:

Description Price Change From Prior Day
December 2019 LH $64.125 ($0.175)
February 2020 LH $73.900 $0.125
April 2020 LH $80.325 $0.175
May 2020 LH $87.000 $0.225
June 2020 LH $92.225 $0.375
July 2020 LH $92.600 $0.150
August 2020 LH $91.050 ($0.100)
October 2020 LH $76.400 ($0.375)