Transcript
Hog futures continue to trade lower as the market wants greater fundamental support. While pork cutout values may be a tick higher today, traders seem to view the demand as coming a little too late in the week to really add much support.
Cash hog prices on the National morning report are lower, the morning cutout value is higher.
The Canadian Dollar is trading higher against the US dollar at midday.
For the week ending April 10, the Western Hog Exchange OlyWest 20 weekly price is $2.26/kg dressed, the OlyWest 21 weekly price is $2.33/kg dressed and the BP4 price is $2.22/kg dressed. This is Pat Matthezing reporting from the Western Hog Exchange.