(Bloomberg) -- Cattle futures rose the most in almost
four months as a weekly export sales report indicated strong
demand for U.S. beef. Hog prices fell.
U.S. exporters reported net sales of 11,300 metric tons of
beef for the week ended June 28, including 1,300 tons for Japan
and South Korea, according to the U.S. Department of Agriculture.
Exports to those two nations, largely closed to U.S. beef since
December 2003 over mad-cow disease concerns, indicate longer-term
demand, said Troy Vetterkind, a trader at e-Hedger in Chicago.
Read more at Bloomberg Commodities News
four months as a weekly export sales report indicated strong
demand for U.S. beef. Hog prices fell.
U.S. exporters reported net sales of 11,300 metric tons of
beef for the week ended June 28, including 1,300 tons for Japan
and South Korea, according to the U.S. Department of Agriculture.
Exports to those two nations, largely closed to U.S. beef since
December 2003 over mad-cow disease concerns, indicate longer-term
demand, said Troy Vetterkind, a trader at e-Hedger in Chicago.
Read more at Bloomberg Commodities News
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