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Daily Market Outlook Report

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Date: Friday, Nov 17, 2017  
Yesterday CME Constructed (201) price was: $65.67
Compared to the previous day, the price is down $0.59
Yesterday average Exchange rate was: 1.2745
Yesterday 100% formula price was: $151.17 ckg DW
Yesterday daily US hog volume was: 464,000 head
Compared to 461,000 head this time last week


We also know that:

The CME Constructed price is expected to decrease 0.49 cwt.

Yesterday's US Afternoon National Direct Hog Report announced the following price trend: Barrow's and gilts compared to Prior Day's close $0.59 lower.


The most recent USDA wholesale pork prices (US$/cwt) are as follows:
Date: Nov 16, 2017

Description Price Change From Prior Day
Carcass $79.760 $0.180
Loin $70.460 ($0.520)
Butt $88.190 ($0.430)
Picnic $62.780 $0.210
Rib $124.400 $0.330
Ham $62.350 $0.650
Belly $131.610 $1.890



The most recent Canadian Dollar Future Prices on the Chicago Mercantile Exchange are as follows:
Date: Nov 16, 2017

Description Price Change From Prior Day
December 2017 CD 0.78445 0.0010
March 2018 CD 0.78535 0.0010
June 2018 CD 0.786 0.0010
September 2018 CD 0.78665 0.0010



The most recent closing Lean Hog Future Prices on the Chicago Mercantile Exchange are as follows:
Date: Nov 16, 2017

Description Price Change From Prior Day
December 2017 LH $60.100 ($1.025)
February 2018 LH $66.575 ($0.875)
April 2018 LH $70.875 ($0.750)
May 2018 LH $76.750 ($0.550)
June 2018 LH $80.600 ($0.500)
July 2018 LH $81.025 ($0.450)
August 2018 LH $80.300 ($0.400)
October 2018 LH $67.725 ($0.225)


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