Market Commentary: Friday, February 13/26

Transcript

Hog futures continue to lose position as the market anticipates more supply to be working its way into the system, which causes traders some fear that pork cutout values could weaken. Not to mention, just a little over a week ago the market did reach new all-time highs in the futures complex which put heavy pressure on the market's technical side.

Cash hog prices on the National morning report are unavailable the morning cutout value is lower.

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

For the week ending Feb 13, the Western Hog Exchange OlyWest 20 weekly price is $2.13/kg dressed, the OlyWest 21 weekly price is $2.22/kg dressed and the BP4 price is $2.08/kg dressed. This is Pat Matthezing reporting from the Western Hog Exchange.

Weekly Crop Price Report

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