Market Commentary: Thursday, May 14/26

Transcript


Hog futures are lower heading into Thursday's noon hour as traders would like to continue to see the contracts scale higher but aren't confident there's currently enough support in the market to successfully do so. June , July and August lean hogs are down this morning.

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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