Market Commentary: Monday, March 23/26

Transcript

Hog futures are trading mixed, with nearby contracts mostly higher, after trading sharply lower late last week.  In order for the nearby contracts to continue to trade higher this week, it will be imperative that pork demand improves.

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

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

For the week ending March 27, the Western Hog Exchange OlyWest 20 weekly price is $2.27/kg dressed, the OlyWest 21 weekly price is $2.35/kg dressed and the BP4 price is $2.22/kg dressed. This is Pat Matthezing reporting from the Western Hog Exchange.

Weekly Crop Price Report

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