Hog futures are trading higher at midday. The sentiment around US pork demand seems to be improving, which in turn is providing futures with a lift. Recent USDA data confirms a tighter pork supply/demand picture than previously forecast. Supporting the uptick in futures is higher cutout prices. The market is hoping to see another strong export sales report on Thursday and if traders do indeed see substantial export interest, the market's higher trend could continue.
Cash hog prices on the National morning report are higher, the morning cutout value is lower.
The Canadian Dollar is trading lower against the US dollar at midday.
For the week ending Mar 1, the Western Hog Exchange OlyWest 20 weekly price is $1.92/kg dressed, the OlyWest 21 weekly price is $2.09/kg dressed, and the BP4 price is $1.90/kg dressed. This is Kerrie Simpson reporting from the Western Hog Exchange