Ontario Pork's Industry - Price Report • Daily Market Outlook | Ontario Pork's Industry

Daily Market Outlook

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Daily Market Outlook Report

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	Date: Thursday, Sep 19, 2019

Yesterday CME Constructed (201) price was:	$56.45
Compared to the previous day, the price is down	$0.61
Yesterday average Exchange rate was:	1.3271
Yesterday 100% formula price was:	$135.12 ckg DW
Yesterday daily US hog volume was:	488,000 head
Compared to	487,000 head this time last week

We also know that:

The CME Constructed price is expected to decrease 0.29 cwt.

Yesterday's US Afternoon National Direct Hog Report announced the following price trend: Barrow's and gilts compared to Prior Day's close $0.29 lower.

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

Description	Price	Change From Prior Day
Carcass	$67.020	($0.680)
Loin	$64.520	($4.440)
Butt	$84.370	($0.390)
Picnic	$46.410	($1.080)
Rib	$106.960	($1.990)
Ham	$58.420	$0.950
Belly	$93.690	$3.050

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

Description	Price	Change From Prior Day
December 2019 CD	0.75310	(0.00250)
March 2020 CD	0.75375	(0.00255)
June 2020 CD	0.75370	(0.00260)
September 2020 CD	0.75355	(0.00260)

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

Description	Price	Change From Prior Day
October 2019 LH	$62.925	$0.825
December 2019 LH	$67.800	$0.125
February 2020 LH	$74.825	$1.275
April 2020 LH	$80.575	$1.050
May 2020 LH	$86.450	$0.700
June 2020 LH	$91.050	$0.125
July 2020 LH	$90.475	($0.075)
August 2020 LH	$89.025	($0.050)