Transcript
Hog futures are struggling to find upward momentum, as the market ran past resistance on Thursday but isn't finding enough support in the market today to push any higher. Although the higher pork cutout values on today's midday report should provide some support, traders seem to find the technical resistance as more of a limiting factor. Today's Supply & Demand report shared mostly supportive news for the hog and pork markets for 2025.
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 Sep 12, the Western Hog Exchange OlyWest 20 weekly price is $2.63/kg dressed, the OlyWest 21 weekly price is $2.70/kg dressed and the BP4 price is $2.53/kg dressed. This is Kerrie Simpson reporting from the Western Hog Exchange.