Daily Market Outlook | Ontario Pork
Friday, November 27, 2020
    

Daily Market Outlook

 

Daily Market Outlook Report


Daily Market Outlook Report

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Date: Friday, Nov 27, 2020  
Yesterday CME Constructed (201) price was: $67.28
Compared to the previous day, the price is down $0.00
Yesterday average Exchange rate was: 1.3013
Yesterday 100% formula price was: $158.14 ckg DW
Yesterday daily US hog volume was:
Compared to 485,000 head this time last week


We also know that:

The CME Constructed price is expected to decrease 0.31 cwt.

Yesterday's US Afternoon National Direct Hog Report announced the following price trend: Barrow's and gilts compared to Prior Day's close $0.50 lower.


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

Description Price Change From Prior Day
Carcass $78.350 $0.000
Loin $75.080 $0.000
Butt $76.120 $0.000
Picnic $68.890 $0.000
Rib $135.270 $0.000
Ham $76.050 $0.000
Belly $93.430 $0.000



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

Description Price Change From Prior Day
December 2020 CD 0.76955 0.00000
March 2021 CD 0.76985 0.00000
June 2021 CD 0.76995 0.00000
September 2021 CD 0.76990 0.00000



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

Description Price Change From Prior Day
December 2020 LH $66.175 $0.000
February 2021 LH $67.675 $0.000
April 2021 LH $70.750 $0.000
May 2021 LH $75.800 $0.000
June 2021 LH $81.175 $0.000
July 2021 LH $81.725 $0.000
August 2021 LH $81.075 $0.000
October 2021 LH $69.300 $0.000