Hog futures are trading lower into today's noon hour as traders seem to be cautious to advance the market much more, given that late last week the complex rallied aggressively. If pork cutout values remain high throughout the week, then there's a chance that later in the week the complex could turn higher, but in the meantime, it seems as though traders are just wanting to get a feel for the market's demand.

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 Dec 19, the Western Hog Exchange OlyWest 20 weekly price is $2.07/kg dressed, the OlyWest 21 weekly price is $2.23/kg dressed and the BP4 price is $2.02/kg dressed. This is Kerrie Simpson reporting from the Western Hog Exchange.