Transcript
Hog futures are trading lower as the market desperately longs for continued support. The midday pork cutout values may be higher, but traders are leery of being too supportive when demand has been a mixed bag in recent weeks.
Cash hog prices on the National morning report are unreported, the morning cutout value is higher.
The Canadian Dollar is trading lower against the US dollar at midday.
For the week ending June 19, the Western Hog Exchange OlyWest 20 weekly price is $2.31/kg dressed, the OlyWest 21 weekly price is $2.37kg dressed and the BP4 price is $2.29/kg dressed. This is Pat Matthezing reporting from the Western Hog Exchange.