Hog futures-After Thursday's bearish afternoon close, lean hog contracts are trading higher and are looking to re-secure some of the position that Thursday gave up. The cash hog market is lower Friday morning which doesn't come as an unsettling surprise given how aggressive packers were earlier in the week. Heading into the weeks to come, even though supplies are thin, packers may be a little more cautious of the market until they see some of the week's demand and performance.
Cash hog prices are lower on the National morning report and the morning cutout value is higher.
The Canadian Dollar is trading lower against the US dollar at midday.
For the week ending June 18, the Western Hog Exchange OlyWest 20 weekly price is $2.64/kg dressed, the OlyWest 21 weekly price is $2.71/kg dressed, and the BP4 price is $2.44/kg dressed. This is Pat Matthezing reporting from the Western Hog Exchange.