(Bloomberg) -- Cattle futures rose to a three-month
high in Chicago, capping their fifth-straight weekly gain, on
expectations that U.S. beef exports will increase. Hog prices
also advanced.
U.S. beef shipments to Japan and South Korea have risen
since both countries lifted bans imposed in December 2003 after
a mad-cow disease outbreak. Japan bought $1.4 billion of U.S.
beef in 2003 and South Korea bought $814 million worth.
Read more at Bloomberg Commodities News
high in Chicago, capping their fifth-straight weekly gain, on
expectations that U.S. beef exports will increase. Hog prices
also advanced.
U.S. beef shipments to Japan and South Korea have risen
since both countries lifted bans imposed in December 2003 after
a mad-cow disease outbreak. Japan bought $1.4 billion of U.S.
beef in 2003 and South Korea bought $814 million worth.
Read more at Bloomberg Commodities News
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