(Bloomberg) -- Hog futures had the biggest one-day
gain since January in Chicago on speculation that China will
increase pork imports to offset tight domestic supplies. Cattle
also gained.
China has seen domestic pork prices surge on a pig shortage
linked to higher grain costs and the spread of so-called Blue Ear
disease, which affects hogs. The U.S. exported 164 million pounds
(74 million kilograms) of pork to China in 2006, making it the
sixth-largest U.S. export customer, according to the U.S.
Department of Agriculture.
Read more at Bloomberg Commodities News
gain since January in Chicago on speculation that China will
increase pork imports to offset tight domestic supplies. Cattle
also gained.
China has seen domestic pork prices surge on a pig shortage
linked to higher grain costs and the spread of so-called Blue Ear
disease, which affects hogs. The U.S. exported 164 million pounds
(74 million kilograms) of pork to China in 2006, making it the
sixth-largest U.S. export customer, according to the U.S.
Department of Agriculture.
Read more at Bloomberg Commodities News
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