Transcript
Hog futures - After falling sharply lower over the last week, the hog complex is trading higher into midday as the market may be potentially finding a bottom for its current move. Also supporting the futures move higher are higher midday pork cutout values, which traders will always take as extra support of increased demand.
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 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.