Transcript
Hog futures continue to trade in a back-and-forth manner, but at least for today the market is trading higher into midday. June, July and August lean hogs are trending up. Today's technical bounce is somewhat surprising given that pork demand has been choppy, and prices are lower at the midday point.
Cash hog prices on the National morning report are higher the morning cutout value is lower.
The Canadian Dollar is trading higher against the US dollar at midday.
For the week ending May 1, the Western Hog Exchange OlyWest 20 weekly price is $2.25/kg dressed, the OlyWest 21 weekly price is $2.33/kg dressed and the BP4 price is $2.19/kg dressed. This is Crystal Waldner reporting from the Western Hog Exchange