Hog futures - Lean hog futures may have petered out but there's still traction being made in the market fundamentals. It's impressive to see packers have already bought upward of 6,000 hogs; with supplies being short they wouldn't be aggressively chasing the cash hog market if they didn't think the pork cutout value was going to wane lower.
Cash hog prices are higher on the National morning report and the morning cutout value is higher.
The Canadian Dollar is trading higher against the US dollar at midday.
For the week ending July 30, the Western Hog Exchange OlyWest 20 weekly price is $2.54/kg dressed, the OlyWest 21 weekly price is $2.61/kg dressed, and the BP4 price is $2.44/kg dressed. This is Pat Matthezing reporting from the Western Hog Exchange.