Friday, April 20, 2007

Hogs Fall on Drop in U.S. Pork Exports; Cattle Futures Decline on Demand

(Bloomberg) -- Hogs in Chicago fell for the third day in four after the U.S. said pork exports declined. Cattle futures fell amid slack beef demand.

U.S. pork exports fell to 249 million pounds in February, down 10 percent from the previous month, the U.S. Department of Agriculture said this week. Japan, the largest overseas buyer of pork, bought 86 million pounds, 18 percent less than in January.


Read more at Bloomberg Commodities News

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