Market Commentary: Tuesday, February 24/26

Transcript

Hog futures are keeping with its recent trend and trading higher into today's noon hour. The market remains far enough away from technical resistance pressure that traders are comfortable advancing the contracts at this point.

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

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

For the week ending Feb 27, the Western Hog Exchange OlyWest 20 weekly price is $2.16/kg dressed, the OlyWest 21 weekly price is $2.25/kg dressed and the BP4 price is $2.11/kg dressed. This is Kerrie Simpson reporting from the Western Hog Exchange.

Weekly Crop Price Report

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