Transcript
Hog futures are again trading lower. Although pork demand may be up slightly, the market doesn't have the technical support it needs. Hogs have been showing price weakness as feed costs rise, but analysts see the incoming spring as reversing the momentum of hog futures.
Cash hog prices on the National morning report are lower, the morning cutout value is higher.
The Canadian Dollar is trading lower against the US dollar at midday.
For the week ending March 13, the Western Hog Exchange OlyWest 20 weekly price is $2.23/kg dressed, the OlyWest 21 weekly price is $2.32/kg dressed and the BP4 price is $2.18/kg dressed. This is Kerrie Simpson reporting from the Western Hog Exchange.