Transcript
Hog futures are trading higher into Tuesday's noon hour as traders are pleased to note the uptick in pork demand as the midday pork cutout values is more than $2.00 higher. June ,July and August lean hogs are continuing up. The market will run into some resistance pressure in the July contract, but as of this point traders are continuing to push the contract higher
Cash hog prices on the National morning report are higher, the morning cutout value is also higher.
The Canadian Dollar is trading higher against the US dollar at midday.
For the week ending June 5, the Western Hog Exchange OlyWest 20 weekly price is $2.27/kg dressed, the OlyWest 21 weekly price is $2.36kg dressed and the BP4 price is $2.30/kg dressed. This is Crystal Waldner reporting from the Western Hog Exchange.