Daily Market Outlook | Ontario Pork
Tuesday, June 2, 2020
    

Daily Market Outlook

 

Daily Market Outlook Report


Daily Market Outlook Report

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Date: Tuesday, Jun 02, 2020  
Yesterday CME Constructed (201) price was: $59.97
Compared to the previous day, the price is up $0.01
Yesterday average Exchange rate was: 1.3630
Yesterday 100% formula price was: $147.50 ckg DW
Yesterday daily US hog volume was: 408,000 head
Compared to 2,000 head this time last week


We also know that:

The CME Constructed price is expected to decrease 1.28 cwt.

Yesterday's US Afternoon National Direct Hog Report announced the following price trend: Barrow's and gilts compared to Prior Day's close $2.95 lower.


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

Description Price Change From Prior Day
Carcass $80.450 ($6.710)
Loin $111.550 ($25.510)
Butt $96.040 ($1.590)
Picnic $64.900 ($5.550)
Rib $138.820 ($0.400)
Ham $43.730 ($2.520)
Belly $91.660 $6.540



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

Description Price Change From Prior Day
June 2020 CD 0.73650 0.01090
September 2020 CD 0.73650 0.01090
December 2020 CD 0.73650 0.01085
March 2021 CD 0.73655 0.01080



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

Description Price Change From Prior Day
June 2020 LH $54.600 ($2.250)
July 2020 LH $55.150 ($1.875)
August 2020 LH $55.100 ($1.625)
October 2020 LH $50.350 ($1.975)
December 2020 LH $50.900 ($1.975)
February 2021 LH $56.975 ($2.075)
April 2021 LH $62.875 ($2.025)
May 2021 LH $68.000 ($2.025)