Market Commentary: Tuesday, March 24/26

Transcript

Hog futures continue to move lower as the market needs to see greater fundamental support before it will be able to establish a technical bottom for the market's current move. Midday pork cutout values are slightly higher, but traders need to see consistent and stable support before they'll likely lend any aid to the complex.

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 March 27, the Western Hog Exchange OlyWest 20 weekly price is $2.27/kg dressed, the OlyWest 21 weekly price is $2.35/kg dressed and the BP4 price is $2.22/kg dressed. This is Kerrie Simpson reporting from the Western Hog Exchange.

Weekly Crop Price Report

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