Transcript
Hog futures are trading mixed at midday. Following Monday's rapid surge, the lean hog complex is also seeing some minor resistance in its nearby contracts while its deferred contracts continue to scale higher. Midday pork cutout values are up slightly, which is helpful from a fundamental sense, but until traders regain confidence, the market could simply hold steady.
Cash hog prices on the National morning report are unavailable, the morning cutout value is higher.
The Canadian Dollar is trading higher against the US dollar at midday.
For the week ending April 10, the Western Hog Exchange OlyWest 20 weekly price is $2.26/kg dressed, the OlyWest 21 weekly price is $2.33/kg dressed and the BP4 price is $2.22/kg dressed. This is Pat Matthezing reporting from the Western Hog Exchange.