Transcript
Hog futures are trading higher at midday. After some strenuous pressure early this week, the lean hog complex has regained some technical footing in the marketplace. Today's higher move solely stems from trader objectivity as the market's fundamentals aren't lending support. Please note that on Monday, December 23rd the Quarterly Hogs and Pigs Report will be released.
Cash hog prices on the National morning report are unreported, the morning cutout value is higher.
The Canadian Dollar is trading higher against the US dollar at midday.
For the week ending Dec 20, the Western Hog Exchange OlyWest 20 weekly price is $2.14/kg dressed, the OlyWest 21 weekly price is $2.26/kg dressed, and the BP4 price is $2.10/kg dressed. This is Pat Matthezing reporting from the Western Hog Exchange