Market Commentary: Friday, December 5/25

Transcript

Hog futures are trading higher at midday as the market continues to push higher, currently pressuring the market's resistance at $82.00 in the spot February contract. It is helping that midday pork cutout values are up over $3.00, which is a significant jump and helps traders feel as though demand will remain a key factor moving forward.

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

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

For the week ending Dec 5, the Western Hog Exchange OlyWest 20 weekly price is $2.08/kg dressed, the OlyWest 21 weekly price is $2.22/kg dressed and the BP4 price is $2.07/kg dressed. This is Kerrie Simpson reporting from the Western Hog Exchange.

Weekly Crop Price Report

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