Market Commentary: Monday, November 24/25

Transcript

Hog futures are trading higher into today's noon hour as the market sees the chaos in the cattle sector as potential room for increased demand in the hog sector. Pork cutout values are up slightly this morning, but more than anything, traders seem to be finding some technical footing in the market.

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 Nov 28, the Western Hog Exchange OlyWest 20 weekly price is $2.13/kg dressed, the OlyWest 21 weekly price is $2.25/kg dressed and the BP4 price is $2.14/kg dressed. This is Kerrie Simpson reporting from the Western Hog Exchange.

Weekly Crop Price Report

If the PDF does not display, you can download it here.

source