Market Commentary: Wednesday, March 18/26

Transcript

Hog futures continue to trade lower as traders need to see greater fundamental demand. The market seems to be establishing a bottom for its current move, but it doesn't possess enough support to rally beyond a steady/mildly lower position.

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 March 20, the Western Hog Exchange OlyWest 20 weekly price is $2.24/kg dressed, the OlyWest 21 weekly price is $2.33/kg dressed and the BP4 price is $2.19/kg dressed. This is Kerrie Simpson reporting from the Western Hog Exchange.

Weekly Crop Price Report

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