Transcript
Hog futures are trading mixed into today's noon hour as the market simply doesn't seem to possess enough support right now to push beyond its current resistance levels. Pork cutout values are also lower again, which has been the theme lately of mixed consumer demand, which consequently isn't empowering the futures complex.
Cash hog prices on the National morning report are slightly higher, the morning cutout value is lower.
The Canadian Dollar is trading higher against the US dollar at midday.
For the week ending Sep 19, the Western Hog Exchange OlyWest 20 weekly price is $2.64/kg dressed, the OlyWest 21 weekly price is $2.70/kg dressed and the BP4 price is $2.53/kg dressed. This is Kerrie Simpson reporting from the Western Hog Exchange.