Hog futures are trading lower at midday. Spot April contracts are lightly traded and holding single-digit losses. Once April contracts expire, most of the trade will then be focused on June contracts, which are currently trading $14 per cwt above the April market. This could help to bring about some additional cash market support, but the overall outlook in the lean hog complex remains cautious at best, given current pork demand, while supplies of market-ready or near market-ready hogs remain readily available.

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

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

For the week ending April 3, 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 $2.23/kg dressed. This is Pat Matthezing reporting from the Western Hog Exchange.