Hog futures are trading lower in all months and pork cutout values are lower as well. By tomorrow afternoon, the market will finally have the latest Quarterly Hogs & Pigs report. The average estimates for the report shared that all hogs and pigs are estimated at 99.3%, kept for breeding at 98.9% and kept for marketing at 99.3%. More cash interest may develop throughout the afternoon as packers weren't aggressive buyers in Monday's market.
Cash hog prices on the National morning report are higher, the morning cutout value is lower.
The Canadian Dollar is trading higher against the US dollar at midday.
For the week ending July 1, the Western Hog Exchange OlyWest 20 weekly price is $2.59/kg dressed, the OlyWest 21 weekly price is $2.56/kg dressed, and the BP4 price is $2.48/kg dressed. This is Kerrie Simpson reporting from the Western Hog Exchange