Market Commentary: Thursday, February 26/26

Transcript

Hog futures - After an impressive seven-day rally, the nearby hog contracts are trading slightly lower into today's noon hour. With pork cutout values down again slightly, traders may be opting to reel back their support of the contracts until the market's fundamentals improve. Pork net sales of 42,600 mt for 2026 were up 56% from the previous week and 16% from the prior 4-week average. The three largest buyers were Mexico, Japan, and Colombia.

Cash hog prices on the National morning report are lower, the morning cutout value is also lower.

The Canadian Dollar is trading lower against the US dollar at midday.

For the week ending Feb 27, the Western Hog Exchange OlyWest 20 weekly price is $2.16/kg dressed, the OlyWest 21 weekly price is $2.25/kg dressed and the BP4 price is $2.11/kg dressed. This is Kerrie Simpson reporting from the Western Hog Exchange.

Weekly Crop Price Report

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