Market Commentary: Monday, May 11/26

Transcript

Hog futures are trading higher today. There is some support through Monday's trade as all of its contracts are scaling higher into the noon hour. Late last week pork demand improved and thankfully demand is remaining strong here today this could be why traders are willing to mildly support the contracts. June, July and August lean hogs are all up.

Cash hog prices are unreported this morning, this morning cutout value is higher.

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

For the week ending May 15, the Western Hog Exchange OlyWest 20 weekly price is $2.22/kg dressed, the OlyWest 21 weekly price is $2.29kg dressed and the BP4 price is $2.21/kg dressed. This is Crystal Waldner reporting from the Western Hog Exchange.

Weekly Crop Price Report

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