Market Commentary: Wednesday, April 15/26

Transcript

Hog futures are trading mixed at midday, as the nearby contracts scale lower and some of the deferred contracts trade mildly higher. Traders simply need to see further fundamental support before they'll drive the contracts any higher.

Cash hog prices on the National morning report are higher, the morning cutout value is lower.

The Canadian Dollar is trading lower against the US dollar at midday.

For the week ending April 17, the Western Hog Exchange OlyWest 20 weekly price is $2.25/kg dressed, the OlyWest 21 weekly price is $2.34/kg dressed and the BP4 price is $2.21/kg dressed. This is Pat Matthezing reporting from the Western Hog Exchange.

Weekly Crop Price Report

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