Transcript
Hog futures are trading lower as the general market tone Thursday remains weak. Compared to the rest of the livestock trade, hog futures seem to have worked most of the tariff and demand concerns into the complex. With nearby contracts trading in the bottom half of short-term market levels, it is uncertain just how much more active selling pressure will develop given the current fundamental market support. According to the weekly export sales report, net sales of 53,000 mt for 2025, a marketing-year high, were up 66% from the previous week and 88% from the prior 4-week average. Increases were primarily for Mexico, China, and Japan. Exports of 32,900 mt were up 4% from the previous week and 1% from the prior 4-week average. The destinations were primarily to Mexico, South Korea, and Japan.
Cash hog prices on the National morning report are lower, the morning cutout value is also lower.
The Canadian Dollar is trading sharply higher against the US dollar at midday.
For the week ending Apr 4, the Western Hog Exchange OlyWest 20 weekly price is $2.28/kg dressed, the OlyWest 21 weekly price is $2.37/kg dressed, and the BP4 price is $2.24/kg dressed. This is Kerrie Simpson reporting from the Western Hog Exchange