Daily Market Outlook | Ontario Pork
Tuesday, August 11, 2020
    

Daily Market Outlook

 

Daily Market Outlook Report


Daily Market Outlook Report

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Date: Tuesday, Aug 11, 2020  
Yesterday CME Constructed (201) price was: $53.45
Compared to the previous day, the price is up $1.04
Yesterday average Exchange rate was: 1.3354
Yesterday 100% formula price was: $128.65 ckg DW
Yesterday daily US hog volume was: 457,000 head
Compared to 420,000 head this time last week


We also know that:

The CME Constructed price is expected to decrease 0.02 cwt.

Yesterday's US Afternoon National Direct Hog Report announced the following price trend: Barrow's and gilts compared to Prior Day's close $0.24 higher.


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

Description Price Change From Prior Day
Carcass $69.840 ($1.580)
Loin $71.940 $1.230
Butt $75.660 $4.510
Picnic $50.330 ($0.500)
Rib $121.670 $0.110
Ham $47.750 ($9.380)
Belly $109.440 $0.120



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

Description Price Change From Prior Day
September 2020 CD 0.74905 0.00190
December 2020 CD 0.74910 0.00185
March 2021 CD 0.74925 0.00190
June 2021 CD 0.74915 0.00190



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

Description Price Change From Prior Day
August 2020 LH $53.125 $2.125
October 2020 LH $53.825 $2.850
December 2020 LH $54.700 $1.775
February 2021 LH $61.750 $0.775
April 2021 LH $66.350 $0.425
May 2021 LH $70.900 $0.000
June 2021 LH $75.575 $0.250
July 2021 LH $75.750 $0.225