Transcript
Hog futures are trading mixed at midday with the deferred contracts trading lower; the market hasn't seen enough fundamental support today to push all contracts higher. The hog complex hopes to find a positive outlook in Thursday's market as the export sales report and the Quarterly Hogs and Pigs Report will be shared. It's surprising traders are as confident as they are since pork cutout values closed lower yesterday afternoon and are lower again this morning.
Cash hog prices on the National morning report are lower, the morning cutout value is also lower.
The Canadian Dollar is trading lower against the US dollar at midday.
For the week ending Mar 29, the Western Hog Exchange OlyWest 20 weekly price is $2.03/kg dressed, the OlyWest 21 weekly price is $2.16/kg dressed, and the BP4 price is $2.02/kg dressed. This is Kerrie Simpson reporting from the Western Hog Exchange