Cattle Prices Rise as Beef Profits Improve; Hog Futures Fall
US - In another market, hog futures fell on signs that deliveries that were delayed by snowstorms had mostly ended, resulting in a flood of animals available to pork processors.
16 February 2007
2 minute read
Hog Market
About 412,000 hogs were slaughtered today, 9.9 percent more than yesterday and 3.5 percent more than last week, according to data from the U.S. Department of Agriculture. After today, the number of pigs killed this week is equal to this time last week, when 1.55 million were slaughtered, the USDA said.
Hogs for April delivery fell 0.175 cent, or 0.3 percent, to 68.7 cents a pound in Chicago. Prices are up 12 percent from a year ago.
Source: Bloomberg.com
