Daily Market Outlook | Ontario Pork
Monday, October 26, 2020
    

Daily Market Outlook

 

Daily Market Outlook Report


Daily Market Outlook Report

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Date: Monday, Oct 26, 2020  
Yesterday CME Constructed (201) price was: $78.44
Compared to the previous day, the price is down $0.20
Yesterday average Exchange rate was: 1.3140
Yesterday 100% formula price was: $186.42 ckg DW
Yesterday daily US hog volume was: 723,000 head
Compared to 751,000 head this time last week


We also know that:

The CME Constructed price is expected to decrease 0.92 cwt.

Yesterday's US Afternoon National Direct Hog Report announced the following price trend: Barrow's and gilts compared to Prior Day's close $1.27 lower.


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

Description Price Change From Prior Day
Carcass $93.250 ($5.590)
Loin $83.810 $0.740
Butt $81.370 $1.960
Picnic $61.270 $0.750
Rib $143.360 ($2.630)
Ham $84.430 ($12.710)
Belly $157.320 ($17.020)



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

Description Price Change From Prior Day
December 2020 CD 0.76090 (0.00010)
March 2021 CD 0.76120 (0.00010)
June 2021 CD 0.76130 (0.00010)
September 2021 CD 0.76140 0.00000



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

Description Price Change From Prior Day
December 2020 LH $67.025 $0.825
February 2021 LH $66.925 $0.075
April 2021 LH $69.725 $0.025
May 2021 LH $74.175 ($0.325)
June 2021 LH $78.900 $0.225
July 2021 LH $79.075 $0.200
August 2021 LH $78.025 $0.275
October 2021 LH $67.075 $0.575