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Market Commentary: Monday, January 22/18

Transcript

Hog futures remain in a narrow range as traders continue to focus on sluggish trade volume across the hog complex. Prices are seen in a range from 7 to 37 cents lower at midday. Little additional direction is expected to be seen through most of the session.

Cash hog bids are called steady to $1 per cwt lower. Bids are scattered through the range at midday. Cash prices are higher on the National and unreported on the Iowa Minnesota morning reports. The cutout value is lower. 

The Canadian Dollar is trading higher against the US dollar this morning. 

For Monday, January 22, the Western Hog Exchange OlyWest price is $1.595/kg dressed and the OlyWest plus price is $1.605/kg dressed. This is Kerrie Simpson reporting from the Western Hog Exchange.

Forward Contracting at Christmas/New Years

Re: Forward  Contracting for the holiday shortened weeks of December 24, 2017 to January 6, 2018

 

Dear Western Hog Exchange Producers,

Please be advised that due to the 3 day week during the Christmas break and 4 day week of New Years, Forward Contracting limits have been reached.  No further Forward Contracts will be taken for those weeks.

 

We recommend talking to Olymel Hog Bookings, early to schedule your loads.  It may be advisable to ship early if that is possible for your operation.  They can be reached at: at (403) 343-8700 or 1 (877) 488-8700 ext 5281 or ext 5287.