Market Commentary: Thursday, April 16/26

Transcript

Hog futures are trading lower into Thursday's noon hour as traders simply aren't confident with the current level of fundamental support to push the contracts any higher. Unfortunately, the market seems committed to keeping with its current downward trend. 

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 17, the Western Hog Exchange OlyWest 20 weekly price is $2.25/kg dressed, the OlyWest 21 weekly price is $2.34/kg dressed and the BP4 price is $2.21/kg dressed. This is Pat Matthezing reporting from the Western Hog Exchange.

Weekly Crop Price Report

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