Hog futures continue to trade lower as the market anticipates a wall of supply that's likely going to hit the market at any point in time now. The latest Quarterly Hogs and Pigs report showed market-ready supplies were larger than originally assumed, and the market is bracing itself for that supply to hit.

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

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

For the week ending Feb 13, the Western Hog Exchange OlyWest 20 weekly price is $2.13/kg dressed, the OlyWest 21 weekly price is $2.22/kg dressed and the BP4 price is $2.08/kg dressed. This is Pat Matthezing reporting from the Western Hog Exchange.