Market Commentary: Tuesday, September 2/25

Transcript

Hog futures are posting positive market shifts in nearby contracts this morning, although the momentum and intensity of active cattle market gains have still limited buyer support across the entire lean hog complex. December contracts continue to lead the hog market higher, as traders continue to bounce back from moderate pressure over the past few weeks.

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

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

For the week ending Sep 5, the Western Hog Exchange OlyWest 20 weekly price is $2.64/kg dressed, the OlyWest 21 weekly price is $2.69/kg dressed and the BP4 price is $2.55/kg dressed. This is Pat Matthezing reporting from the Western Hog Exchange.

Weekly Crop Market Review

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