(Bloomberg) -- Hog futures in Chicago fell for the
third-straight day as supplies of the animals exceeded demand
from meatpackers. Cattle futures also declined.
Pork processors such as Smithfield Foods Inc. killed about
1.95 million hogs last week, unchanged from a year earlier, even
though pork prices are 13 percent higher. That indicates hog
supplies are plentiful, said Rich Nelson, an analyst with
Allendale Inc. in McHenry, Illinois.
Read more at Bloomberg Commodities News
third-straight day as supplies of the animals exceeded demand
from meatpackers. Cattle futures also declined.
Pork processors such as Smithfield Foods Inc. killed about
1.95 million hogs last week, unchanged from a year earlier, even
though pork prices are 13 percent higher. That indicates hog
supplies are plentiful, said Rich Nelson, an analyst with
Allendale Inc. in McHenry, Illinois.
Read more at Bloomberg Commodities News
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