Hog futures are trading lower at midday as traders look for more fundamental support. The market is running into some resistance pressure that is stopping its upward momentum, and until something substantial develops fundamentally, the market could be pressured to trade sideways, if not somewhat lower.

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 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.