Transcript
Hog futures are back to trading higher as traders are seeing continued support in pork demand and are willing to scale the contracts higher even though the market is already trading at new contract highs in the spot April contract.
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.