Ontario Pork's Industry - Price Report • Mandatory Price Reports | Ontario Pork's Industry

Mandatory Price Report

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Mandatory Price Report

	Mandatory Price Report	Export: EXCEL CSV PDF
	Week of: Jan 12, 2020 - Jan 18, 2020

Prices and Volume	Mon	Tue	Wed	Thu	Fri	Week
CME Constructed Price (US$/cwt DW)	$58.91	$59.16	$59.91	$60.37	$60.54	$59.78
100% Formula Price ( C$/ckg DW) 100 index	$138.68	$139.43	$141.07	$142.13	$0.00	$140.33
Daily Average Exchange Rate	1.3048	1.3062	1.3050	1.3045	0.0000	1.3051
Quebec Average ( C$/ckg DW) 100 index	$159.26	$158.21	$161.94	$162.20	$162.85	$160.89
Nearby future close (US$/cwt DW)	$65.90	$67.68	$67.88	$66.88	$0.00	$67.09
USDA Wholesale Pork Price (US$/cwt)	$73.39	$73.43	$73.34	$74.61	$0.00	$73.69
Eastern Cornbelt Closing Average ( US$/cwt DW)	$0.00	$0.00	$0.00	$51.42	$0.00	$51.42
Western Cornbelt Closing Average ( US$/cwt DW)	$50.67	$51.72	$51.81	$50.83	$0.00	$51.26
Iowa Southern Minnesota Closing Average ( US$/cwt DW)	$50.81	$51.73	$51.80	$51.04	$0.00	$51.35
National Direct Closing Average ( US$/cwt DW)	$50.55	$51.56	$51.68	$51.18	$0.00	$51.24
Quebec Daily Hog Volume ( Friday may include Saturday totals)	36,255	31,164	30,576	31,673	31,718	161,386
US Daily Hog Volume ( Friday may include Saturday totals)	498,000	497,000	498,000	497,000	584,000	2,574,000

Price Update for the Preceding Week of: Jan 05, 2020 - Jan 11, 2020

Description	Value
Average price /ckg DW total value	$176.52
Low price /ckg DW total value	$149.64
High price/ ckg DW total value	$229.88
Total volume of Ontario hogs sold was	109,908
Weekly average weight of Ontario hogs was (/ kg DW)	107.78
Weekly average fat measurement of Ontario hogs (mm)	19.54
Weekly average muscle measurement of Ontario hogs (mm)	68.01
Weekly Average Yield Percentage	60.66
Weekly Implied Premium	$37.09

Note: Average price /ckg DW Total value differs from 100 index base pricing because it includes all premiums for index, delivery time etc. For example a base price of $120 on a 90 kg hog that received a 110 index and a $2 delivery premium would be reported as $134.22/ckg total value.
Ontario prices continue to be freight on board (FOB) yard, meaning that packers also pay additional freight. The average freight rate paid by Ontario plants for hogs from Ontario is between $2.25 and $2.50 per hog.