Hog futures are trading higher, supported by higher cutout values. So long as fundamental support remains evident this afternoon, it's likely that traders will continue to push the contracts higher as they've been waiting for this amount of fundamental support to develop so that they can move the market higher. Pork net sales of 26,800 mt for 2026 were primarily for Mexico, Japan, and South Korea

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 Jan 16, the Western Hog Exchange OlyWest 20 weekly price is $2.02/kg dressed, the OlyWest 21 weekly price is $2.15/kg dressed and the BP4 price is $1.99/kg dressed. This is Kerrie Simpson reporting from the Western Hog Exchange.