Hog futures are trading mixed. Summer contracts are posting light to moderate gains this morning on strong financial market moves and indications that positive gains are seen in trade talks with China. October through April contracts are holding light losses as follow-through pressure after the hogs and pigs report Thursday is limiting buyer interest. Traders continue to be slightly disappointed that overall hog numbers have not eased. However, many of the adjustments seen on Friday seem to be focused on backing away from pre-report positions rather than any major shift in market direction following the report. Nearby gains are supported based on strong continued demand, while long-term supply levels may continue to limit price support through the winter months.
 
 

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

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

For the week ending June 27, the Western Hog Exchange OlyWest 20 weekly price is $2.68/kg dressed, the OlyWest 21 weekly price is $2.77/kg dressed, and the BP4 price is $2.51/kg dressed. This is Pat Matthezing reporting from the Western Hog Exchange