Transcript
Hog futures are continuing to trade lower at midday as there is not enough fundamental support in the market to comfort traders, and as the external pressures of the equity markets are affecting the hog complex too. Pork cutout values are a tick higher this morning, but the market's support is a little too late to give much stability to traders.
Cash hog prices on the National morning report are unreported, the morning cutout value is higher.
The Canadian Dollar is trading lower against the US dollar at midday.
For the week ending Oct 10, the Western Hog Exchange OlyWest 20 weekly price is $2.57/kg dressed, the OlyWest 21 weekly price is $2.63/kg dressed and the BP4 price is $2.52/kg dressed. This is Pat Matthezing reporting from the Western Hog Exchange.