Hog futures are trading mildly higher in all months but December. Hog futures have been oversold and may be finished with the liquidation phase. The level of slaughter remains strong and above year ago levels, indicating there is good demand for pork. The supply of market hogs is readily available, keeping packers less aggressive in the cash market. 

Cash hog prices on the National morning report are higher, the morning cutout value is also higher.

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

For the week ending Oct 24, the Western Hog Exchange OlyWest 20 weekly price is $2.42/kg dressed, the OlyWest 21 weekly price is $2.49/kg dressed and the BP4 price is $2.39/kg dressed. This is Kerrie Simpson reporting from the Western Hog Exchange.