Transcript
Hog futures are trading lower. One would hope traders would look at the continued support of consumers , as the midday pork cutout value is higher, and begin to show the lean hog contracts some support. But that isn't how the market is trading this morning as most of the lean hog contracts are lower heading into Monday's noon hour.
Cash hog prices on the National morning report are higher, the morning cutout value is also higher.
The Canadian Dollar is trading higher against the US dollar at midday.
For the week ending June 5, the Western Hog Exchange OlyWest 20 weekly price is $2.27/kg dressed, the OlyWest 21 weekly price is $2.36kg dressed and the BP4 price is $2.30/kg dressed. This is Pat Matthezing reporting from the Western Hog Exchange.