Transcript
Hog futures are trading higher at midday. Lean hog futures have become the bright spot of livestock trade Friday morning with moderate to strong gains developing in nearby contracts. Continued outside market support and the potential for follow-through demand support over the coming weeks and months could help bring additional buyer interest into both nearby and deferred futures contracts.
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 June 6, the Western Hog Exchange OlyWest 20 weekly price is $2.36/kg dressed, the OlyWest 21 weekly price is $2.46/kg dressed, and the BP4 price is $2.27/kg dressed. This is Pat Matthezing reporting from the Western Hog Exchange