(Bloomberg) -- Cattle futures rose to a three-month
high in Chicago, heading for their fifth-straight weekly gain on
expectations that export sales will increase. Hog prices
advanced on speculation of more pork sales to China.
U.S. beef exports to Japan and South Korea, typically the
largest overseas customers, have risen since both countries this
year lifted bans imposed in December 2003 after a mad-cow
disease outbreak. Japan bought $1.4 billion in U.S. beef in 2003
and South Korea bought $814 million worth.
Read more at Bloomberg Commodities News
high in Chicago, heading for their fifth-straight weekly gain on
expectations that export sales will increase. Hog prices
advanced on speculation of more pork sales to China.
U.S. beef exports to Japan and South Korea, typically the
largest overseas customers, have risen since both countries this
year lifted bans imposed in December 2003 after a mad-cow
disease outbreak. Japan bought $1.4 billion in U.S. beef in 2003
and South Korea bought $814 million worth.
Read more at Bloomberg Commodities News
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