Transcript
Hog futures are trading mostly higher, with a couple of the nearby contracts trading slightly lower. The market's positive turn could be partly because of the uptick in pork cutout prices, but it could also be that traders believe the market has traded lower enough for the time being.
Cash hog prices on the National morning report are lower, the morning cutout value is higher.
The Canadian Dollar is trading higher against the US dollar at midday.
For the week ending Oct 17, the Western Hog Exchange OlyWest 20 weekly price is $2.49/kg dressed, the OlyWest 21 weekly price is $2.54/kg dressed and the BP4 price is $2.45/kg dressed. This is Kerrie Simpson reporting from the Western Hog Exchange.