Hog futures are seeing a mild rally into today's noon hour as the market is merely chopping sideways. If the market weren't up against immediate resistance thresholds, then there's a chance that it would potentially still be trading robustly higher. But with technical fatigue setting in and midday pork cutout values down softly, traders have deemed the safest bet ahead of the weekend is a mild rally as opposed to an aggressive one.

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

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

For the week ending Feb 6, the Western Hog Exchange OlyWest 20 weekly price is $2.10/kg dressed, the OlyWest 21 weekly price is $2.20/kg dressed and the BP4 price is $2.05/kg dressed. This is Kerrie Simpson reporting from the Western Hog Exchange.