Daily Market Outlook Report

Date: Friday, Oct 20, 2017

YesterdaysCMEPrice $63.75
PreviousDaysCMEPrice $0.84
YesterdaysNoonExchangeRate 1.2478
YesterdaysHPFP $143.62 ckg DW
YesterdaysDailyHogVolume 465,000 head
LastWeekThisTimeDailyHogVolume 463,000 head this time last week


We also know that:

The CME Constructed price is expected to increase 1.67 cwt.

Yesterday's US Afternoon National Direct Hog Report announced the following price trend: Barrow's and gilts compared to Prior Day's close $1.02 higher.


The most recent USDA wholesale pork prices (US$/cwt) are as follows:
Date: Oct 19, 2017

Description Price Change From Prior Day
Carcass $73.670 $0.790
Loin $73.870 $2.020
Butt $82.540 $1.240
Picnic $56.870 ($2.080)
Rib $117.100 $0.380
Ham $65.980 $1.510
Belly $94.650 $0.530



The most recent Canadian Dollar Future Prices on the Chicago Mercantile Exchange are as follows:
Date: Oct 19, 2017

Description Price Change From Prior Day
December 2017 CD 0.8011 (0.0015)
March 2018 CD 0.80155 (0.0015)
June 2018 CD 0.80185 (0.0015)
September 2018 CD 0.8021 (0.0014)



The most recent closing Lean Hog Future Prices on the Chicago Mercantile Exchange are as follows:
Date: Oct 19, 2017

Description Price Change From Prior Day
December 2017 LH $64.250 $0.500
February 2018 LH $68.475 $0.475
April 2018 LH $72.425 $0.525
May 2018 LH $76.850 $0.000
June 2018 LH $80.200 ($0.050)
July 2018 LH $80.300 ($0.300)
August 2018 LH $79.500 ($0.425)
October 2018 LH $66.900 ($0.375)


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