(Bloomberg) -- Hog futures fell in Chicago as
government figures showed a glut of pork will reach supermarket
shelves too late to be sold before what's traditionally one of
the largest grilling weekends in the U.S.
About 1.18 million hogs were slaughtered this week as of
yesterday, 4 percent more than in the same period last week,
according to the U.S. Department of Agriculture. Meat from those
animals won't arrive at supermarkets in time for the Memorial
Day weekend in the U.S., said Rich Nelson, a livestock analyst
at Allendale Inc. in McHenry, Illinois.
Read more at Bloomberg Commodities News
government figures showed a glut of pork will reach supermarket
shelves too late to be sold before what's traditionally one of
the largest grilling weekends in the U.S.
About 1.18 million hogs were slaughtered this week as of
yesterday, 4 percent more than in the same period last week,
according to the U.S. Department of Agriculture. Meat from those
animals won't arrive at supermarkets in time for the Memorial
Day weekend in the U.S., said Rich Nelson, a livestock analyst
at Allendale Inc. in McHenry, Illinois.
Read more at Bloomberg Commodities News
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