Price Report | Ontario Pork • Daily Market Outlook | Ontario Pork

Daily Market Outlook

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Daily Market Outlook Report

	Daily Market Outlook Report	Export: EXCEL CSV PDF
	Date: Tuesday, Mar 02, 2021

Yesterday CME Constructed (201) price was:	$82.43
Compared to the previous day, the price is up	$1.25
Yesterday average Exchange rate was:	1.2661
Yesterday 100% formula price was:	$188.81 ckg DW
Yesterday daily US hog volume was:	499,000 head
Compared to	489,000 head this time last week

We also know that:

The CME Constructed price is expected to increase 0.98 cwt.

Yesterday's US Afternoon National Direct Hog Report announced the following price trend: Barrow's and gilts compared to Prior Day's close $0.13 higher.

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

Description	Price	Change From Prior Day
Carcass	$92.370	($1.470)
Loin	$79.870	($0.320)
Butt	$86.810	$2.450
Picnic	$65.590	$5.010
Rib	$150.800	($0.860)
Ham	$81.030	($6.760)
Belly	$157.220	$1.820

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

Description	Price	Change From Prior Day
March 2021 CD	0.79045	0.00350
June 2021 CD	0.79050	0.00355
September 2021 CD	0.79030	0.00355
December 2021 CD	0.79010	0.00355

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

Description	Price	Change From Prior Day
April 2021 LH	$87.725	$0.575
May 2021 LH	$89.575	$0.700
June 2021 LH	$94.950	$0.775
July 2021 LH	$95.125	$0.575
August 2021 LH	$94.325	$0.700
October 2021 LH	$79.425	$0.725
December 2021 LH	$72.950	$0.700
February 2022 LH	$75.900	$0.500