Market Commentary: Thursday, February 19/26

Transcript

Hog futures are trading mostly higher into today's noon hour as once again, traders aren't feeling pressured by any resistance thresholds following last week's sharp downturn. Supporting the futures is a notice from the USDA regarding a proposal to remove the speed limit that pork processing plants can operate at. The agency says, it'll allow "plants to set their own speeds based on demonstrated ability to maintain process controls and food safety.".

Cash hog prices on the National morning report are unreported, the morning cutout value is higher.

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

For the week ending Feb 20, the Western Hog Exchange OlyWest 20 weekly price is $2.12/kg dressed, the OlyWest 21 weekly price is $2.22/kg dressed and the BP4 price is $2.08/kg dressed. This is Kerrie Simpson reporting from the Western Hog Exchange.

Weekly Crop Price Report

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