Transcript
Hog futures are trading higher in the front months as the market is receiving some spillover support from the cattle complex's higher trend, and traders seem to be willing to move past the bearish sentiment that clouded the market earlier this week. Although pork cutout values are lower again at midday, at least the cash market is receiving some extra support.
The Canadian Dollar is trading higher against the US dollar at midday.
For the week ending July 4, the Western Hog Exchange OlyWest 20 weekly price is $2.74/kg dressed, the OlyWest 21 weekly price is $2.82/kg dressed, and the BP4 price is $2.51/kg dressed. This is Kerrie Simpson reporting from the Western Hog Exchange