(Bloomberg) -- Cattle fell for the first time in
five sessions in Chicago as meatpackers slowed slaughter rates
after overpaying for animals last week in anticipation of rising
overseas demand. Hog futures rose.
Meatpackers such as Tyson Foods Inc. and Cargill Inc. killed
582,000 head of cattle last week, down 2.7 percent compared with
last year, after paying as much as $5 to $6 a head more than a
week earlier. Feedlots in Nebraska, the biggest cattle-raising
state, sold 94,740 animals to meatpackers last week, a 45 percent
increase from 65,203 head the week before, government data show.
Read more at Bloomberg Commodities News
five sessions in Chicago as meatpackers slowed slaughter rates
after overpaying for animals last week in anticipation of rising
overseas demand. Hog futures rose.
Meatpackers such as Tyson Foods Inc. and Cargill Inc. killed
582,000 head of cattle last week, down 2.7 percent compared with
last year, after paying as much as $5 to $6 a head more than a
week earlier. Feedlots in Nebraska, the biggest cattle-raising
state, sold 94,740 animals to meatpackers last week, a 45 percent
increase from 65,203 head the week before, government data show.
Read more at Bloomberg Commodities News
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