Hog futures are trading mixed at midday; earlier today the spot February contract rallied to its resistance at $86.00 only to then fall lower. As Thursday is a holiday and little interest is likely to jump into the market on Friday, it's likely the complex will close lower this afternoon, and traders won't likely look to challenge the resistance until after the New Year.

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

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

For the week ending Jan 2, the Western Hog Exchange OlyWest 20 weekly price is $2.05/kg dressed, the OlyWest 21 weekly price is $2.22/kg dressed and the BP4 price is $2.05/kg dressed. This is Kerrie Simpson reporting from the Western Hog Exchange.