Transcript
Hog futures are trading lower into Tuesday's noon hour as the market simply isn't seeing the stable support it needs. Before traders will confidently push the contracts higher, they're going to need to see more support from consumers. June, July and August lean hogs are all currently down.
Cash hog prices are unreported this morning, this morning cutout value is lower.
The Canadian Dollar is trading lower against the US dollar at midday.
For the week ending May 15, the Western Hog Exchange OlyWest 20 weekly price is $2.22/kg dressed, the OlyWest 21 weekly price is $2.29kg dressed and the BP4 price is $2.21/kg dressed. This is Crystal Waldner reporting from the Western Hog Exchange