Daily Market Outlook | Ontario Pork
Friday, October 22, 2021
    

Daily Market Outlook

 

Daily Market Outlook Report


Daily Market Outlook Report

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Date: Friday, Oct 22, 2021  
Yesterday CME Constructed (201) price was: $84.19
Compared to the previous day, the price is down $1.35
Yesterday average Exchange rate was: 1.2351
Yesterday 100% formula price was: $188.15 ckg DW
Yesterday daily US hog volume was: 473,000 head
Compared to 477,000 head this time last week



Yesterday's US Afternoon National Direct Hog Report announced the following price trend: Barrow's and gilts compared to Prior Day's close $1.50 lower.


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

Description Price Change From Prior Day
Carcass $98.280 $1.410
Loin $95.720 ($1.440)
Butt $96.610 $2.260
Picnic $75.430 $4.840
Rib $123.560 ($1.810)
Ham $69.610 ($4.910)
Belly $173.430 $12.240



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

Description Price Change From Prior Day
December 2021 CD 0.80770 (0.00425)
March 2022 CD 0.80770 (0.00420)
June 2022 CD 0.80700 (0.00425)
September 2022 CD 0.80595 (0.00425)



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

Description Price Change From Prior Day
December 2021 LH $73.200 ($2.825)
February 2022 LH $76.675 ($2.550)
April 2022 LH $81.125 ($2.300)
May 2022 LH $85.475 ($2.225)
June 2022 LH $91.175 ($1.925)
July 2022 LH $91.150 ($1.775)
August 2022 LH $89.675 ($1.775)
October 2022 LH $75.275 ($1.900)