Market Commentary: Tuesday, March 3/26

Transcript

Hog futures are trading slightly lower into today's noon hour as plenty of pressure still looms. Livestock futures appear to be liquidating amid the larger uncertainty surrounding the escalating conflict in the Middle East, while volumes are light. At this point, a sideways lower trend is expected to continue in the hog complex until fundamental support improves.

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 March 6, the Western Hog Exchange OlyWest 20 weekly price is $2.20/kg dressed, the OlyWest 21 weekly price is $2.29/kg dressed and the BP4 price is $2.15/kg dressed. This is Kerrie Simpson reporting from the Western Hog Exchange.

Weekly Crop Price Report

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