Transcript
Hog futures continue to trade lower as traders question if there's enough support to challenge the new threshold. Thankfully, pork demand remains quite high right now and that could lend traders enough fundamental support if prices continue to scale higher later in the week.
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 Feb 13, the Western Hog Exchange OlyWest 20 weekly price is $2.13/kg dressed, the OlyWest 21 weekly price is $2.22/kg dressed and the BP4 price is $2.08/kg dressed. This is Pat Matthezing reporting from the Western Hog Exchange.