Transcript
Hog futures are trading fully lower ahead of the US Memorial Day weekend. Traders are uncertain about price direction and also concerned about continued tariff dilemmas. And while it is always helpful for the market to see positive fundamentals, traders seem dull to the support.
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 May 23, the Western Hog Exchange OlyWest 20 weekly price is $2.29/kg dressed, the OlyWest 21 weekly price is $2.37/kg dressed, and the BP4 price is $2.23/kg dressed. This is Kerrie Simpson reporting from the Western Hog Exchange