Transcript
Hog futures are back to trading higher after a lower open, as traders seem to have regained some faith in the market but are also feeling additionally supported by the day's slight uptick in pork cutouts. It's unlikely the market will challenge resistance at $90.00, but a steady tone could be maintained through the day's end.
Cash hog prices on the National morning report are unreported, the morning cutout value is higher.
The Canadian Dollar is trading lower against the US dollar at midday.
For the week ending Dec 19, the Western Hog Exchange OlyWest 20 weekly price is $2.07/kg dressed, the OlyWest 21 weekly price is $2.23/kg dressed and the BP4 price is $2.02/kg dressed. This is Kerrie Simpson reporting from the Western Hog Exchange.