Daily Market Outlook | Ontario Pork's Industry
Monday, January 20, 2020
    

Daily Market Outlook

 

Daily Market Outlook Report


Daily Market Outlook Report

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Date: Monday, Jan 20, 2020  
Yesterday CME Constructed (201) price was: $60.54
Compared to the previous day, the price is up $0.17
Yesterday average Exchange rate was: 1.3062
Yesterday 100% formula price was: $142.71 ckg DW
Yesterday daily US hog volume was: 584,000 head
Compared to 708,000 head this time last week


We also know that:

The CME Constructed price is expected to decrease 0.26 cwt.

Yesterday's US Afternoon National Direct Hog Report announced the following price trend: Barrow's and gilts compared to Prior Day's close $0.43 lower.


The most recent USDA wholesale pork prices (US$/cwt) are as follows:

Description Price Change From Prior Day
Carcass $74.260 ($0.350)
Loin $67.970 $0.730
Butt $85.830 ($3.050)
Picnic $48.960 $1.000
Rib $143.260 $0.800
Ham $68.670 ($2.480)
Belly $102.480 $1.420



The most recent Canadian Dollar Future Prices on the Chicago Mercantile Exchange are as follows:

Description Price Change From Prior Day
March 2020 CD 0.76545 (0.00095)
June 2020 CD 0.76550 (0.00095)
September 2020 CD 0.76545 (0.00090)
December 2020 CD 0.76530 (0.00090)



The most recent closing Lean Hog Future Prices on the Chicago Mercantile Exchange are as follows:

Description Price Change From Prior Day
February 2020 LH $67.675 $0.800
April 2020 LH $74.100 $0.325
May 2020 LH $80.700 ($0.025)
June 2020 LH $87.350 $0.800
July 2020 LH $87.950 $0.825
August 2020 LH $86.800 $0.700
October 2020 LH $75.025 $0.350
December 2020 LH $69.000 $0.350