Transcript
Hog futures are trading higher midday as the market has seemed to stumble into some technical support. It will be interesting to see if the market is able to maintain this momentum through the day's close, as neither cash prices nor pork cutout values are higher, which makes this move solely a technical push.
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 Nov 21, the Western Hog Exchange OlyWest 20 weekly price is $2.21/kg dressed, the OlyWest 21 weekly price is $2.33/kg dressed and the BP4 price is $2.20/kg dressed. This is Kerrie Simpson reporting from the Western Hog Exchange.