Hog futures are trading mixed within a very narrow trading range at midday despite the aggressive selling pressure in both the cattle trade and outside financial markets. April futures continue to trade higher into midday. The rest of the complex remains slightly under pressure with losses of 5 to 15 cents per cwt holding in most nearby contracts. The overall lack of direction in both pork market technical trade as well as stability in market fundamental direction through late February seems to be a welcome relief compared to the market pressure across other markets.

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

The Canadian Dollar is trading higher 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.