Market Commentary: Wednesday, May 13/26

Transcript

Hog futures are higher at Noon today. Traders are pleased to see the uptick in demand as the morning pork cutout value is higher. June, July and August lean hogs are all currently up. What's most encouraging to note about the midday cutout value is it's being supported by the majority of the cuts.

Cash hog prices are unreported this morning, this morning cutout value is higher.

The Canadian Dollar is trading lower against the US dollar at midday.

For the week ending May 15, the Western Hog Exchange OlyWest 20 weekly price is $2.22/kg dressed, the OlyWest 21 weekly price is $2.29kg dressed and the BP4 price is $2.21/kg dressed. This is Crystal Waldner reporting from the Western Hog Exchange.

Weekly Crop Price Report

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