(Bloomberg) -- Hog futures in Chicago tumbled
4 percent this week, the most since mid-September, as pork
demand slumped. Cattle prices fell to a one-week low.
Meatpackers have already purchased the hogs they need to
meet orders for the U.S. Independence Day holiday on July 4, and
demand will fall after that, Allendale Inc. livestock analyst
Rich Nelson said. Prices for pork loin, the source of most
chops, had their fourth weekly decline in five weeks, signaling
shrinking demand.
Read more at Bloomberg Commodities News
4 percent this week, the most since mid-September, as pork
demand slumped. Cattle prices fell to a one-week low.
Meatpackers have already purchased the hogs they need to
meet orders for the U.S. Independence Day holiday on July 4, and
demand will fall after that, Allendale Inc. livestock analyst
Rich Nelson said. Prices for pork loin, the source of most
chops, had their fourth weekly decline in five weeks, signaling
shrinking demand.
Read more at Bloomberg Commodities News
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