Wednesday, August 15, 2018
    

Daily Market Outlook

 

Daily Market Outlook Report


Daily Market Outlook Report

Export: EXCEL  CSV  PDF
Date: Wednesday, Aug 15, 2018  
Yesterday CME Constructed (201) price was: $55.75
Compared to the previous day, the price is down $1.87
Yesterday average Exchange rate was: 1.3087
Yesterday 100% formula price was: $131.57 ckg DW
Yesterday daily US hog volume was: 468,000 head
Compared to 453,000 head this time last week


We also know that:

The CME Constructed price is expected to decrease 1.08 cwt.

Yesterday's US Afternoon National Direct Hog Report announced the following price trend: Barrow's and gilts compared to Prior Day's close $1.04 lower.


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

Description Price Change From Prior Day
Carcass $69.070 ($0.610)
Loin $75.600 ($2.060)
Butt $87.450 $1.270
Picnic $41.820 ($1.560)
Rib $120.210 $5.120
Ham $58.310 $1.510
Belly $86.520 ($5.330)



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

Description Price Change From Prior Day
September 2018 CD 0.76470 0.00350
December 2018 CD 0.76585 0.00350
March 2019 CD 0.76695 0.00355
June 2019 CD 0.76790 0.00360



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

Description Price Change From Prior Day
August 2018 LH $55.000 ($0.525)
October 2018 LH $51.850 $0.200
December 2018 LH $48.650 $0.075
February 2019 LH $55.225 $0.575
April 2019 LH $61.875 $0.700
May 2019 LH $69.050 $0.050
June 2019 LH $74.300 $0.525