(Bloomberg) -- Hog futures in Chicago fell to a
12-week low, heading for the biggest weekly decline since
December, as pork demand weakened. Cattle also declined.
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, according to Allendale Inc.
livestock analyst Rich Nelson. Prices for pork loin, the source
of most chops, were headed for their fourth weekly decline in
five weeks, signaling shrinking demand.
Read more at Bloomberg Commodities News
12-week low, heading for the biggest weekly decline since
December, as pork demand weakened. Cattle also declined.
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, according to Allendale Inc.
livestock analyst Rich Nelson. Prices for pork loin, the source
of most chops, were headed for their fourth weekly decline in
five weeks, signaling shrinking demand.
Read more at Bloomberg Commodities News
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