Transcript
Hog futures are trading lower again today as traders simply can't find enough support in the market to justify pushing the contracts higher. Midday pork cutout values are a tick higher, but at this point in the week that doesn't mean much to traders ahead of the U.S. long weekend.
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 May 22, the Western Hog Exchange OlyWest 20 weekly price is $2.23/kg dressed, the OlyWest 21 weekly price is $2.30kg dressed and the BP4 price is $2.20/kg dressed. This is Pat Matthezing reporting from the Western Hog Exchange.