Transcript
Hog futures are trading higher, although the spot June contract is a tick softer Wednesday morning as morning pork cutout values are lower. More than anything it's a relief to see the complex turn direction and trade higher, largely because of the uptick in consumer support. That consumer demand will need to remain a stable supportive factor to move forward.
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 April 24, the Western Hog Exchange OlyWest 20 weekly price is $2.23/kg dressed, the OlyWest 21 weekly price is $2.32/kg dressed and the BP4 price is $2.20/kg dressed. This is Pat Matthezing reporting from the Western Hog Exchange.