Daily Market Outlook | Ontario Pork
Wednesday, September 23, 2020
    

Daily Market Outlook

 

Daily Market Outlook Report


Daily Market Outlook Report

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Date: Wednesday, Sep 23, 2020  
Yesterday CME Constructed (201) price was: $72.33
Compared to the previous day, the price is up $0.26
Yesterday average Exchange rate was: 1.3310
Yesterday 100% formula price was: $174.01 ckg DW
Yesterday daily US hog volume was: 485,000 head
Compared to 485,000 head this time last week


We also know that:

The CME Constructed price is expected to increase 0.25 cwt.

Yesterday's US Afternoon National Direct Hog Report announced the following price trend: Barrow's and gilts compared to Prior Day's close $3.27 higher.


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

Description Price Change From Prior Day
Carcass $87.940 ($1.420)
Loin $77.140 $7.270
Butt $82.620 $1.570
Picnic $65.500 $5.350
Rib $129.360 ($1.170)
Ham $76.750 ($17.170)
Belly $149.470 $1.620



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

Description Price Change From Prior Day
December 2020 CD 0.75155 0.00055
March 2021 CD 0.75185 0.00055
June 2021 CD 0.75180 0.00055
September 2021 CD 0.75170 0.00055



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

Description Price Change From Prior Day
October 2020 LH $68.325 $2.725
December 2020 LH $64.100 $2.550
February 2021 LH $69.075 $1.850
April 2021 LH $72.275 $1.325
May 2021 LH $76.375 $1.175
June 2021 LH $80.800 $0.975
July 2021 LH $80.600 $0.700
August 2021 LH $79.300 $0.425