Transcript
Hog futures are trading lower at midday. One would think the market would be pleased with the slight uptick in demand from consumers, but that isn't seeming to ease the technical pressure the market continues to endure.
Cash hog prices on the National morning report are higher, the morning cutout value is also 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.