Market Commentary: Friday, February 20/26

Transcript

Hog futures continue to move higher as traders are not currently up against any immediate fears of resistance pressure. Pork cutout values are still lower, but traders don't feel like they need an abundance of fundamental support given that they're not challenging technical resistance pressure right now.

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

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

For the week ending Feb 20, the Western Hog Exchange OlyWest 20 weekly price is $2.12/kg dressed, the OlyWest 21 weekly price is $2.22/kg dressed and the BP4 price is $2.08/kg dressed. This is Kerrie Simpson reporting from the Western Hog Exchange.

Weekly Crop Price Report

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