Hog futures are trading lower in all months and both cash hog prices and pork cutout values are lower as well. The Hogs and Pigs report will come out on Wednesday, until then, it's likely that the market chops sideways as it seems to be buying time until the report gives a clearer understanding of what's to come in the months ahead.
Cash hog prices on the National morning report are lower, the morning cutout value is also lower.
The Canadian Dollar is trading higher against the US dollar at midday.
For the week ending July 1, the Western Hog Exchange OlyWest 20 weekly price is $2.59/kg dressed, the OlyWest 21 weekly price is $2.56/kg dressed, and the BP4 price is $2.48/kg dressed. This is Kerrie Simpson reporting from the Western Hog Exchange