Hog futures are again trading lower at midday. There is little fundamental support under the hog market. Traders see no reason to cover their short positions or buy into the market for the longer term. The midday pork cutout values are a tick higher this morning, but traders need more reassurance than that.

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 Nov 7, the Western Hog Exchange OlyWest 20 weekly price is $2.29/kg dressed, the OlyWest 21 weekly price is $2.40/kg dressed and the BP4 price is $2.26/kg dressed. This is Kerrie Simpson reporting from the Western Hog Exchange.