Hog futures are trading mixed at midday in light trading ahead of the US Memorial Day long weekend. Demand for meat has been pressured by outside forces like higher energy costs and inflation. Packers may bid lower today as most of the business is finished for the week. Consumer demand for pork will need to remain strong after Memorial Day or cutouts may falter resulting in price weakness.
Cash hog prices on the National morning report are lower, the morning cutout values are higher.
The Canadian Dollar is trading higher against the US dollar at midday.
For the week ending May 27, the Western Hog Exchange OlyWest 20 weekly price is $2.34/kg dressed, the OlyWest 21 weekly price is $2.36/kg dressed, and the BP4 price is $2.27/kg dressed. This is Kerrie Simpson reporting from the Western Hog Exchange