(Bloomberg) -- Hog futures in Chicago rose on
speculation that higher corn costs may prompt farmers to trim
herds. Cattle prices also gained.
Corn, the main ingredient in livestock feed, has gained 7.6
percent so far this week and closed over $4 a bushel yesterday
for the first time since March 23. Farmers may liquidate hog
herds to avoid paying higher feed costs, said Brian Hoops, an
analyst with Midwest Market Solutions in Yankton, South Dakota.
Read more at Bloomberg Commodities News
speculation that higher corn costs may prompt farmers to trim
herds. Cattle prices also gained.
Corn, the main ingredient in livestock feed, has gained 7.6
percent so far this week and closed over $4 a bushel yesterday
for the first time since March 23. Farmers may liquidate hog
herds to avoid paying higher feed costs, said Brian Hoops, an
analyst with Midwest Market Solutions in Yankton, South Dakota.
Read more at Bloomberg Commodities News
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