Mandatory Price Reports | Ontario Pork
Friday, November 27, 2020
    

Mandatory Price Report

 

Mandatory Price Report


Mandatory Price Report

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Week of: Nov 22, 2020 - Nov 28, 2020

 
Prices and Volume Mon Tue Wed Thu Fri Week
CME Constructed Price (US$/cwt DW) $67.83 $67.49 $67.28 $67.28 $0.00 $67.47
100% Formula Price ( C$/ckg DW) 100 index $160.31 $158.91 $158.02 $158.14 $0.00 $158.85
Daily Average Exchange Rate 1.3082 1.3033 1.3003 1.3013 0.0000 1.3033
Quebec Average ( C$/ckg DW) 100 index $172.82 $170.39 $169.67 $168.62 $169.91 $170.28
Nearby future close (US$/cwt DW) $64.95 $65.30 $66.18 $66.18 $0.00 $65.65
USDA Wholesale Pork Price (US$/cwt) $77.77 $77.58 $78.35 $78.35 $0.00 $78.01
Eastern Cornbelt Closing Average ( US$/cwt DW) $58.59 $0.00 $0.00 $0.00 $0.00 $58.59
Western Cornbelt Closing Average ( US$/cwt DW) $57.98 $57.59 $56.92 $56.92 $0.00 $57.35
Iowa Southern Minnesota Closing Average ( US$/cwt DW) $57.90 $57.52 $56.19 $56.19 $0.00 $56.95
National Direct Closing Average ( US$/cwt DW) $58.33 $57.87 $57.39 $57.39 $0.00 $57.75
Quebec Daily Hog Volume ( Friday may include Saturday totals) 32,027 28,945 28,241 27,835 24,530 141,578
US Daily Hog Volume ( Friday may include Saturday totals) 497,000 497,000 494,000 0 0 1,488,000


Price Update for the Preceding Week of: Nov 15, 2020 - Nov 21, 2020

Description Value
Average price /ckg DW total value $203.24
Low price /ckg DW total value $173.40
High price/ ckg DW total value $244.17
Total volume of Ontario hogs sold was 118,778
Weekly average weight of Ontario hogs was (/ kg DW) 108.19
Weekly average fat measurement of Ontario hogs (mm) 18.65
Weekly average muscle measurement of Ontario hogs (mm) 67.87
Weekly Average Yield Percentage 61.01
Weekly Implied Premium $40.31

Note: Average price /ckg DW Total value differs from 100 index base pricing because it includes all premiums for index, delivery time etc. For example a base price of $120 on a 90 kg hog that received a 110 index and a $2 delivery premium would be reported as $134.22/ckg total value.
Ontario prices continue to be freight on board (FOB) yard, meaning that packers also pay additional freight. The average freight rate paid by Ontario plants for hogs from Ontario is between $2.25 and $2.50 per hog.