Transcript
Hog futures are trading higher at midday, continuing to hover around its resistance threshold at $82.00 in the spot February contract. The market hasn't seen enough sure-fire support in the complex just yet to justify challenging that threshold. Pork cutout values are a tick higher this morning, but traders need more support than a $0.33 jump in the carcass price.
Cash hog prices on the National morning report are delayed, the morning cutout value is higher.
The Canadian Dollar is trading higher against the US dollar at midday.
For the week ending Dec 12, the Western Hog Exchange OlyWest 20 weekly price is $2.06/kg dressed, the OlyWest 21 weekly price is $2.21/kg dressed and the BP4 price is $2.03/kg dressed. This is Kerrie Simpson reporting from the Western Hog Exchange.