Hog futures are trading modestly higher at midday. The cash hog market is again seeing strong interest as packers obviously didn't fulfill all their needs in Tuesday's market. Midday pork cutout values are higher (which isn't anything to put too much faith in), but if pork cutout values can round out the day higher, then the market may be able to keep a sideways/modestly higher trend going as yesterday worked the market low enough that resistance pressure isn't an immediate threat.
Cash hog prices on the National morning report are higher, the morning cutout value is also higher.
The Canadian Dollar is trading lower against the US dollar at midday.
For the week ending Aug 19, the Western Hog Exchange OlyWest 20 weekly price is $2.81/kg dressed, the OlyWest 21 weekly price is $2.79/kg dressed, and the BP4 price is $2.69/kg dressed. This is Kerrie Simpson reporting from the Western Hog Exchange