(Bloomberg) -- Hog futures in Chicago rallied the
most in eight months on speculation that Mexico and Russia may
buy U.S. pork before purchases by China drive up prices. Cattle
also rose.
China may buy more U.S. pork after ``blue-ear'' disease
forced farmers to cull some herds. Mexico, the second-largest
buyer of U.S. pork behind Japan, has bought 30 percent less than
a year earlier, the U.S. Department of Agriculture said July 12.
Exports to Russia, the fifth-largest importer, are 25 percent
behind last year's pace, the USDA said.
Read more at Bloomberg Commodities News
most in eight months on speculation that Mexico and Russia may
buy U.S. pork before purchases by China drive up prices. Cattle
also rose.
China may buy more U.S. pork after ``blue-ear'' disease
forced farmers to cull some herds. Mexico, the second-largest
buyer of U.S. pork behind Japan, has bought 30 percent less than
a year earlier, the U.S. Department of Agriculture said July 12.
Exports to Russia, the fifth-largest importer, are 25 percent
behind last year's pace, the USDA said.
Read more at Bloomberg Commodities News
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