(Bloomberg) -- Hog futures in Chicago fell to the
lowest in almost four months on concern there may be an
oversupply of pigs after a government report showed a larger
U.S. breeding herd. Cattle prices were little changed.
U.S. hog producers expanded their herds by 0.9 percent in
the three months ended May 31, the Department of Agriculture
reported last week, as corn costs steadied and profit improved.
The nation's 65,000 hog producers were holding back an
estimated 6.116 million females for breeding on June 1, up from
6.06 million a year earlier, the USDA said.
Read more at Bloomberg Commodities News
lowest in almost four months on concern there may be an
oversupply of pigs after a government report showed a larger
U.S. breeding herd. Cattle prices were little changed.
U.S. hog producers expanded their herds by 0.9 percent in
the three months ended May 31, the Department of Agriculture
reported last week, as corn costs steadied and profit improved.
The nation's 65,000 hog producers were holding back an
estimated 6.116 million females for breeding on June 1, up from
6.06 million a year earlier, the USDA said.
Read more at Bloomberg Commodities News
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