Daily Market Outlook Report

Date: Monday, Nov 11, 2019

YesterdaysCMEPrice $60.33
PreviousDaysCMEPrice $0.09
YesterdaysNoonExchangeRate 1.3223
YesterdaysHPFP $143.96 ckg DW
YesterdaysDailyHogVolume 728,000 head
LastWeekThisTimeDailyHogVolume 724,000 head this time last week


We also know that:

The CME Constructed price is expected to decrease 0.41 cwt.

Yesterday's US Afternoon National Direct Hog Report announced the following price trend: Barrow's and gilts compared to Prior Day's close $0.39 lower.


The most recent USDA wholesale pork prices (US$/cwt) are as follows:
Date: Nov 10, 2019

Description Price Change From Prior Day
Carcass $81.600 $1.400
Loin $69.400 ($0.400)
Butt $85.710 $0.270
Picnic $67.420 $1.400
Rib $129.150 ($0.180)
Ham $82.450 $4.030
Belly $117.320 $2.540



The most recent Canadian Dollar Future Prices on the Chicago Mercantile Exchange are as follows:
Date: Nov 10, 2019

Description Price Change From Prior Day
December 2019 CD 0.75600 (0.00265)
March 2020 CD 0.75635 (0.00260)
June 2020 CD 0.75640 (0.00260)
September 2020 CD 0.75640 (0.00240)



The most recent closing Lean Hog Future Prices on the Chicago Mercantile Exchange are as follows:
Date: Nov 10, 2019

Description Price Change From Prior Day
December 2019 LH $64.125 ($0.175)
February 2020 LH $73.900 $0.125
April 2020 LH $80.325 $0.175
May 2020 LH $87.000 $0.225
June 2020 LH $92.225 $0.375
July 2020 LH $92.600 $0.150
August 2020 LH $91.050 ($0.100)
October 2020 LH $76.400 ($0.375)


About Us

Ontario Pork represents the 1,179 farmers who market 5.5 million hogs in the province. The organization is engaged in many areas, including research, government representation, environmental issues, consumer education and food quality assurance.

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