Daily Market Outlook Report

Date: Monday, Jul 15, 2019

YesterdaysCMEPrice $70.77
PreviousDaysCMEPrice $0.08
YesterdaysNoonExchangeRate 1.3038
YesterdaysHPFP $166.75 ckg DW
YesterdaysDailyHogVolume 501,000 head
LastWeekThisTimeDailyHogVolume 636,000 head this time last week


We also know that:

The CME Constructed price is expected to increase 0.44 cwt.

Yesterday's US Afternoon National Direct Hog Report announced the following price trend: Barrow's and gilts compared to Prior Day's close $0.16 higher.


The most recent USDA wholesale pork prices (US$/cwt) are as follows:
Date: Jul 14, 2019

Description Price Change From Prior Day
Carcass $70.570 ($0.260)
Loin $73.720 $0.180
Butt $88.290 $1.040
Picnic $46.000 ($0.490)
Rib $99.770 ($1.480)
Ham $63.170 $2.670
Belly $94.810 ($6.300)



The most recent Canadian Dollar Future Prices on the Chicago Mercantile Exchange are as follows:
Date: Jul 14, 2019

Description Price Change From Prior Day
September 2019 CD 0.76825 0.00225
December 2019 CD 0.76905 0.00225
March 2020 CD 0.76955 0.00225
June 2020 CD 0.76980 0.00225



The most recent closing Lean Hog Future Prices on the Chicago Mercantile Exchange are as follows:
Date: Jul 14, 2019

Description Price Change From Prior Day
July 2019 LH $71.050 ($0.550)
August 2019 LH $80.650 $1.475
October 2019 LH $73.225 $1.625
December 2019 LH $70.450 $1.475
February 2020 LH $74.550 $1.325
April 2020 LH $78.700 $0.925
May 2020 LH $83.200 $0.925


About Us

Ontario Pork represents the 1,179 farmers who market 5.5 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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