Daily Market Outlook | Ontario Pork's Industry
Thursday, November 21, 2019
    

Daily Market Outlook

 

Daily Market Outlook Report


Daily Market Outlook Report

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Date: Thursday, Nov 21, 2019  
Yesterday CME Constructed (201) price was: $58.98
Compared to the previous day, the price is down $1.19
Yesterday average Exchange rate was: 1.3304
Yesterday 100% formula price was: $141.58 ckg DW
Yesterday daily US hog volume was: 493,000 head
Compared to 492,000 head this time last week


We also know that:

The CME Constructed price is expected to decrease 0.11 cwt.

Yesterday's US Afternoon National Direct Hog Report announced the following price trend: Barrow's and gilts compared to Prior Day's close $0.06 higher.


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

Description Price Change From Prior Day
Carcass $85.980 $1.580
Loin $69.450 $0.580
Butt $87.590 ($0.660)
Picnic $71.320 ($2.470)
Rib $133.140 ($4.140)
Ham $93.690 $10.210
Belly $120.910 ($3.530)



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

Description Price Change From Prior Day
December 2019 CD 0.75125 (0.00240)
March 2020 CD 0.75165 (0.00240)
June 2020 CD 0.75175 (0.00245)
September 2020 CD 0.75175 (0.00240)



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

Description Price Change From Prior Day
December 2019 LH $60.450 ($1.700)
February 2020 LH $66.775 ($2.850)
April 2020 LH $72.925 ($2.825)
May 2020 LH $79.475 ($2.625)
June 2020 LH $84.350 ($2.900)
July 2020 LH $84.825 ($2.900)
August 2020 LH $84.175 ($2.700)
October 2020 LH $72.025 ($2.050)