Transcript
Hog futures are continuing with the downward trend as the market isn't seeing the fundamental support it needs currently. Hog futures may see further price correction as the recent trend indicates the market may have reached its peak.
Cash hog prices on the National morning report are higher, the morning cutout value is lower.
The Canadian Dollar is trading higher against the US dollar at midday.
For the week ending July 4, the Western Hog Exchange OlyWest 20 weekly price is $2.74/kg dressed, the OlyWest 21 weekly price is $2.82/kg dressed, and the BP4 price is $2.51/kg dressed. This is Kerrie Simpson reporting from the Western Hog Exchange