Hog futures are trading higher today. After having a tough trade throughout Thursday, the lean hog market has rallied support in its nearby contracts while the deferred continue to trend slightly lower. It's not concerning to see that packers weren't aggressive in Friday morning's cash hog trade, as they were aggressive in the cash market earlier in the week and want to see how next week's demand holds before they throw more money at chasing thin hog supplies.
Cash hog prices are unavailable on the National morning report and the morning cutout value is higher.
The Canadian Dollar is trading lower against the US dollar at midday.
For the week ending July 23, the Western Hog Exchange OlyWest 20 weekly price is $2.52/kg dressed, the OlyWest 21 weekly price is $2.56/kg dressed, and the BP4 price is $2.39/kg dressed. This is Pat Matthezing reporting from the Western Hog Exchange.