Market Commentary: Thursday, May 21/26

Transcript

Hog futures - It’s another disappointing day for the Hog contracts as they are trading steadily lower into Thursday's noon hour. The market simply can't find the support it needs. Unfortunately, this lower trend is likely to continue through the afternoon and potentially into Friday as well.

Cash hog prices on the National morning report are unreported, the morning cutout value is lower.

The Canadian Dollar is trading higher against the US dollar at midday.

For the week ending May 22, the Western Hog Exchange OlyWest 20 weekly price is $2.23/kg dressed, the OlyWest 21 weekly price is $2.30kg dressed and the BP4 price is $2.20/kg dressed. This is Pat Matthezing reporting from the Western Hog Exchange.

Weekly Crop Price Report

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