Daily Market Outlook | Ontario Pork
Monday, May 25, 2020
    

Daily Market Outlook

 

Daily Market Outlook Report


Daily Market Outlook Report

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Date: Monday, May 25, 2020  
Yesterday CME Constructed (201) price was: $62.76
Compared to the previous day, the price is down $1.43
Yesterday average Exchange rate was: 1.4015
Yesterday 100% formula price was: $158.79 ckg DW
Yesterday daily US hog volume was: 550,000 head
Compared to 620,000 head this time last week


We also know that:

The CME Constructed price is expected to increase 0.11 cwt.

Yesterday's US Afternoon National Direct Hog Report announced the following price trend: Barrow's and gilts compared to Prior Day's close $0.68 lower.


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

Description Price Change From Prior Day
Carcass $95.760 ($1.180)
Loin $154.130 $7.940
Butt $155.770 ($4.910)
Picnic $63.360 ($3.040)
Rib $185.170 ($8.930)
Ham $44.000 ($6.980)
Belly $70.370 ($1.860)



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

Description Price Change From Prior Day
June 2020 CD 0.71355 (0.00345)
September 2020 CD 0.71365 (0.00345)
December 2020 CD 0.71370 (0.00350)
March 2021 CD 0.71380 (0.00350)



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

Description Price Change From Prior Day
June 2020 LH $58.775 ($0.575)
July 2020 LH $55.900 ($1.275)
August 2020 LH $54.275 ($1.000)
October 2020 LH $50.025 ($1.075)
December 2020 LH $51.175 ($1.225)
February 2021 LH $58.025 ($1.375)
April 2021 LH $64.100 ($1.375)
May 2021 LH $68.850 ($1.375)