Transcript
Hog futures are again trading lower as the market simply isn't seeing the fundamental support it needs to give traders enough confidence that the contracts should trade steady to somewhat higher. Pork cutout values are a tick stronger this morning, but overall demand has been volatile, and traders want steadfast confidence.
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 Oct 17, the Western Hog Exchange OlyWest 20 weekly price is $2.49/kg dressed, the OlyWest 21 weekly price is $2.54/kg dressed and the BP4 price is $2.45/kg dressed. This is Kerrie Simpson reporting from the Western Hog Exchange.