Market Commentary: Thursday, November 6/25

Transcript

Hog futures are adding another downward leg to its chart as the market lacks support. Yes, cash demand was strong this week, but without consumer demand improving, traders aren't willing to show the complex much interest or support.

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 Nov 7, the Western Hog Exchange OlyWest 20 weekly price is $2.29/kg dressed, the OlyWest 21 weekly price is $2.40/kg dressed and the BP4 price is $2.26/kg dressed. This is Kerrie Simpson reporting from the Western Hog Exchange.

Weekly Crop Price Report

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