Hog futures fell for a third straight session on speculation that U.S. pork supplies are rising as demand slows. Cattle prices advanced.
Cattle futures rose, extending a rally that began in May, on mounting speculation that improved demand for U.S. beef is tightening animal supplies. Hog prices also gained.
Cattle futures fell as South Korea suspended some U.S. beef imports after finding traces of a banned feed additive. Hogs also dropped.
Hog futures advanced for a second day on signs of increasing overseas purchases of U.S. pork. Cattle also rose.
Hog futures climbed to an eight-week high on signs of improved demand for pork in China, the world’s biggest consumer. Cattle prices dropped.
Hog futures rallied to the highest in more than a week as overseas demand for U.S. pork climbed. Cattle prices also rose.
Cattle prices fell in Chicago, heading for the second straight weekly decline, on signs of slack demand for beef. Hog prices also dropped.
Pork-belly futures extended a rally to a record on signs that U.S. supplies are trailing consumer demand for bacon. Hog and cattle futures dropped.
Cattle futures rose for the first time in three days on signs that beef demand is increasing as importers boost purchases and U.S. grocers stock up for summer grilling. Hogs dropped.
Hog futures climbed on signs of increasing demand for U.S. animals from meatpackers. Cattle prices also gained.
"Strong demand is pushing all protein up."
- Christian Mayer on Oct 16, 2013