Daily Market Outlook | Ontario Pork
Tuesday, March 2, 2021
    

Daily Market Outlook

 

Daily Market Outlook Report


Daily Market Outlook Report

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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