Market Commentary: Monday, April 20/26

Transcript

Hog futures are trading mixed headed into Monday's noon hour with the nearby contracts slightly higher while the deferred months scale lower. Thankfully some of the upward movement in the nearby contracts likely stems from traders recognizing the fundamental support from consumers which has trended higher over the last several trading days.

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 April 24, the Western Hog Exchange OlyWest 20 weekly price is $2.23/kg dressed, the OlyWest 21 weekly price is $2.32/kg dressed and the BP4 price is $2.20/kg dressed. This is Pat Matthezing reporting from the Western Hog Exchange.

Weekly Crop Price Report

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