Transcript
Hog futures are trading lower at midday; pork cutout values are lower and there simply isn't enough trader support to push the contracts higher at this point. It's likely that the market continues to trade in this sluggish manner through the day's end.
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 July 11, the Western Hog Exchange OlyWest 20 weekly price is $2.66/kg dressed, the OlyWest 21 weekly price is $2.67/kg dressed, and the BP4 price is $2.60/kg dressed. This is Kerrie Simpson reporting from the Western Hog Exchange