Ontario Pork > Price Report > DailyMarketOutlookReportPDF
Thursday, May 28, 2020
    

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Daily Market Outlook Report

Date: Thursday, May 28, 2020

YesterdaysCMEPrice $63.37
PreviousDaysCMEPrice $1.41
YesterdaysNoonExchangeRate 1.3780
YesterdaysHPFP $157.67 ckg DW
YesterdaysDailyHogVolume 415,000 head
LastWeekThisTimeDailyHogVolume 397,000 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 $1.57 lower.


The most recent USDA wholesale pork prices (US$/cwt) are as follows:
Date: May 27, 2020

Description Price Change From Prior Day
Carcass $87.860 ($8.710)
Loin $121.450 ($26.500)
Butt $150.490 ($2.640)
Picnic $72.100 $2.000
Rib $149.720 ($24.360)
Ham $41.900 ($4.170)
Belly $82.560 $1.990



The most recent Canadian Dollar Future Prices on the Chicago Mercantile Exchange are as follows:
Date: May 27, 2020

Description Price Change From Prior Day
June 2020 CD 0.72575 (0.00110)
September 2020 CD 0.72580 (0.00105)
December 2020 CD 0.72580 (0.00115)
March 2021 CD 0.72595 (0.00110)



The most recent closing Lean Hog Future Prices on the Chicago Mercantile Exchange are as follows:
Date: May 27, 2020

Description Price Change From Prior Day
June 2020 LH $60.175 ($0.325)
July 2020 LH $59.300 ($0.275)
August 2020 LH $57.600 $0.450
October 2020 LH $53.100 $0.850
December 2020 LH $53.300 $0.700
February 2021 LH $59.700 $0.850
April 2021 LH $65.700 $1.025
May 2021 LH $70.825 $1.400