Hog futures are trading mixed into midday, as the nearby contracts dip lower, while the deferred contracts trade slightly higher. Absorbing the behavior of the lean hog complex takes a mixed approach this morning, as one could logically point to the uptick in pork cutout values and say that prices should be trading higher. However, when you look at the futures complex and note the resistance pressure the market is facing, we see there hasn't been enough widespread, stable fundamental support this week to encourage traders to challenge that technical barrier.

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 Jan 9, the Western Hog Exchange OlyWest 20 weekly price is $2.03/kg dressed, the OlyWest 21 weekly price is $2.18/kg dressed and the BP4 price is $2.01/kg dressed. This is Kerrie Simpson reporting from the Western Hog Exchange.