Hog futures are trading mixed as the nearby contracts are trading a bit lower while the deferred months continue to scale higher. The nearby contracts are likely trading lower as the market experiences some technical exhaustion following the sharp rally the market has recently seen.

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

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

For the week ending Jan 23, the Western Hog Exchange OlyWest 20 weekly price is $2.04/kg dressed, the OlyWest 21 weekly price is $2.17/kg dressed and the BP4 price is $1.99/kg dressed. This is Pat Matthezing reporting from the Western Hog Exchange.