Transcript
Hog futures are trading mostly higher at midday despite the fact that midday pork cutout values are slightly lower. Traders seem to be willing to advance the hog complex as bullish, supportive tones have taken over the livestock complex today. However, without consumer interest and demand in terms of pork buying, the hog complex may not be able to maintain its higher trend for long.
Cash hog prices on the National morning report are lower, the morning cutout value is also lower.
The Canadian Dollar is trading lower against the US dollar at midday.
For the week ending Oct 4, the Western Hog Exchange OlyWest 20 weekly price is $2.03/kg dressed, the OlyWest 21 weekly price is $2.17/kg dressed, and the BP4 price is $2.03/kg dressed. This is Kerrie Simpson reporting from the Western Hog Exchange