Transcript
Hog futures are mostly higher, adding another day to the already impressive rally the market has secured. There's still a lot that can change leading up to the afternoon's close, but if pork cutout values can close higher accompanied by an at least steady cash market, the market's strength is something that will have to be dealt with early next week.
Cash hog bids are expected $1 lower to $1 per cwt higher, with most bids steady/higher. Prices are higher on the National morning report and the morning cutout value is also higher.
The Canadian Dollar is trading lower against the US dollar at midday.
For the week ending Mar 5, the Western Hog Exchange OlyWest 20 weekly price is $1.831/kg dressed, the OlyWest 21 weekly price is $1.972/kg dressed, and the BP4 price is $1.7823/kg dressed. This is Pat Matthezing reporting from the Western Hog Exchange.