Tuesday, December 18, 2018
    

Daily Market Outlook

 

Daily Market Outlook Report


Daily Market Outlook Report

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Date: Tuesday, Dec 18, 2018  
Yesterday CME Constructed (201) price was: $55.13
Compared to the previous day, the price is down $0.00
Yesterday average Exchange rate was: 1.3399
Yesterday 100% formula price was: $133.19 ckg DW
Yesterday daily US hog volume was: 477,000 head
Compared to 479,000 head this time last week


We also know that:

The CME Constructed price is expected to decrease 0.07 cwt.

Yesterday's US Afternoon National Direct Hog Report announced the following price trend: Barrow's and gilts compared to Prior Day's close $0.26 lower.


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

Description Price Change From Prior Day
Carcass $70.450 ($0.060)
Loin $63.340 ($0.420)
Butt $84.740 ($0.510)
Picnic $49.800 $2.400
Rib $118.270 ($0.920)
Ham $49.980 ($2.150)
Belly $122.760 ($0.170)



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

Description Price Change From Prior Day
March 2019 CD 0.74740 (0.00190)
June 2019 CD 0.74870 (0.00190)
September 2019 CD 0.74985 (0.00185)
December 2019 CD 0.75105



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

Description Price Change From Prior Day
February 2019 LH $63.825 ($0.675)
April 2019 LH $68.975 ($1.075)
May 2019 LH $74.650 ($1.125)
June 2019 LH $82.375 ($0.800)
July 2019 LH $83.275 ($0.750)
August 2019 LH $83.075 ($0.625)
October 2019 LH $68.350 ($0.525)
December 2019 LH $62.500