Daily Market Outlook Report

Date: Monday, Mar 18, 2019

YesterdaysCMEPrice $55.97
PreviousDaysCMEPrice $1.18
YesterdaysNoonExchangeRate 1.3342
YesterdaysHPFP $134.66 ckg DW
YesterdaysDailyHogVolume 596,000 head
LastWeekThisTimeDailyHogVolume 659,000 head this time last week


We also know that:

The CME Constructed price is expected to increase 1.53 cwt.

Yesterday's US Afternoon National Direct Hog Report announced the following price trend: Barrow's and gilts compared to Prior Day's close $2.67 higher.


The most recent USDA wholesale pork prices (US$/cwt) are as follows:
Date: Mar 17, 2019

Description Price Change From Prior Day
Carcass $67.040 ($0.310)
Loin $62.100 ($1.140)
Butt $68.320 ($0.320)
Picnic $33.620 $0.030
Rib $109.600 ($4.280)
Ham $52.830 ($1.220)
Belly $125.980 $2.820



The most recent Canadian Dollar Future Prices on the Chicago Mercantile Exchange are as follows:
Date: Mar 17, 2019

Description Price Change From Prior Day
June 2019 CD 0.75090 (0.00135)
September 2019 CD 0.75250 (0.00130)
December 2019 CD 0.75400 (0.00130)
March 2020 CD 0.75565



The most recent closing Lean Hog Future Prices on the Chicago Mercantile Exchange are as follows:
Date: Mar 17, 2019

Description Price Change From Prior Day
April 2019 LH $68.800 $3.000
May 2019 LH $77.900 $3.000
June 2019 LH $86.525 $3.000
July 2019 LH $89.375 $3.000
August 2019 LH $89.750 $3.000
October 2019 LH $78.900 $3.000
December 2019 LH $72.525 $3.000
February 2020 LH $74.000 $3.000


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Ontario Pork represents the 1,192 farmers who market 5.41 million hogs in the province. The organization is engaged in many areas, including research, government representation, environmental issues, consumer education and food quality assurance.

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