Hog futures are trading lower at midday. Although pork cutout values are higher on the midday report and were slightly higher late last week, the hog complex continues to trend lower as the market simply isn't seeing the technical interest it needs. Hopefully the market is nearing the bottom to this current move and if support from consumers remains stable this week, trades may be able to begin to pull the contracts higher later in the week.

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 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.