Hog futures have fully absorbed Thursday's Quarterly Hogs and Pigs report and are trading higher, support is also coming from higher pork cutout values. Hopefully this sizeable move confirms there's been a short-term bottom established for the futures complex.

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 March 27, the Western Hog Exchange OlyWest 20 weekly price is $2.27/kg dressed, the OlyWest 21 weekly price is $2.35/kg dressed and the BP4 price is $2.22/kg dressed. This is Kerrie Simpson reporting from the Western Hog Exchange.