Hog futures - With cash prices and pork cutout values lower, it's unsurprising that the hog futures are trading lower as well. The weakness in the market's fundamentals, mixed with the continued pressure being seen in the futures complex, has gravely affected the complex today as the contracts are all trading $1.00 to $2.00 lower. It's highly unlikely that the market's direction will improve ahead of today's close.

Cash hog prices on the National morning report are lower, the morning cutout value is also lower.

The Canadian Dollar is trading lower against the US dollar at midday.

For the week ending Aug 1, the Western Hog Exchange OlyWest 20 weekly price is $2.71/kg dressed, the OlyWest 21 weekly price is $2.76/kg dressed, and the BP4 price is $2.58/kg dressed. This is Kerrie Simpson reporting from the Western Hog Exchange