Daily Market Outlook Report

Date: Wednesday, Oct 23, 2019

YesterdaysCMEPrice $65.71
PreviousDaysCMEPrice $0.37
YesterdaysNoonExchangeRate 1.3094
YesterdaysHPFP $155.40 ckg DW
YesterdaysDailyHogVolume 492,000 head
LastWeekThisTimeDailyHogVolume 490,000 head this time last week


We also know that:

The CME Constructed price is expected to decrease 0.54 cwt.

Yesterday's US Afternoon National Direct Hog Report announced the following price trend: Barrow's and gilts compared to Prior Day's close $0.85 lower.


The most recent USDA wholesale pork prices (US$/cwt) are as follows:
Date: Oct 22, 2019

Description Price Change From Prior Day
Carcass $75.480 ($2.410)
Loin $67.950 ($3.240)
Butt $84.510 ($1.010)
Picnic $58.380 $0.890
Rib $119.830 ($2.190)
Ham $64.200 ($1.000)
Belly $118.330 ($7.900)



The most recent Canadian Dollar Future Prices on the Chicago Mercantile Exchange are as follows:
Date: Oct 22, 2019

Description Price Change From Prior Day
December 2019 CD 0.76380 (0.00070)
March 2020 CD 0.76405 (0.00075)
June 2020 CD 0.76390 (0.00065)
September 2020 CD 0.76360 (0.00060)



The most recent closing Lean Hog Future Prices on the Chicago Mercantile Exchange are as follows:
Date: Oct 22, 2019

Description Price Change From Prior Day
December 2019 LH $65.500 ($2.325)
February 2020 LH $76.275 ($1.900)
April 2020 LH $83.125 ($1.275)
May 2020 LH $88.800 ($0.975)
June 2020 LH $93.050 ($0.625)
July 2020 LH $93.200 ($0.275)
August 2020 LH $91.475 ($0.075)
October 2020 LH $77.250 ($0.025)


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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