Thursday, September 19, 2019
    

Daily Market Outlook

 

Daily Market Outlook Report


Daily Market Outlook Report

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Date: Thursday, Sep 19, 2019  
Yesterday CME Constructed (201) price was: $56.45
Compared to the previous day, the price is down $0.61
Yesterday average Exchange rate was: 1.3271
Yesterday 100% formula price was: $135.12 ckg DW
Yesterday daily US hog volume was: 488,000 head
Compared to 487,000 head this time last week


We also know that:

The CME Constructed price is expected to decrease 0.29 cwt.

Yesterday's US Afternoon National Direct Hog Report announced the following price trend: Barrow's and gilts compared to Prior Day's close $0.29 lower.


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

Description Price Change From Prior Day
Carcass $67.020 ($0.680)
Loin $64.520 ($4.440)
Butt $84.370 ($0.390)
Picnic $46.410 ($1.080)
Rib $106.960 ($1.990)
Ham $58.420 $0.950
Belly $93.690 $3.050



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

Description Price Change From Prior Day
December 2019 CD 0.75310 (0.00250)
March 2020 CD 0.75375 (0.00255)
June 2020 CD 0.75370 (0.00260)
September 2020 CD 0.75355 (0.00260)



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

Description Price Change From Prior Day
October 2019 LH $62.925 $0.825
December 2019 LH $67.800 $0.125
February 2020 LH $74.825 $1.275
April 2020 LH $80.575 $1.050
May 2020 LH $86.450 $0.700
June 2020 LH $91.050 $0.125
July 2020 LH $90.475 ($0.075)
August 2020 LH $89.025 ($0.050)