Transcript
Hog futures are trading mostly sideways, keeping a slightly higher tone but unwilling to advance the market without seeing stronger fundamental support. Midday pork cutout values are higher, which is a perk, but at the same time, the cash market remains unpredictable as movement in the cash complex has been relatively thin.
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 Jan 23, the Western Hog Exchange OlyWest 20 weekly price is $2.04/kg dressed, the OlyWest 21 weekly price is $2.17/kg dressed and the BP4 price is $1.99/kg dressed. This is Pat Matthezing reporting from the Western Hog Exchange.