Hog futures fell to a five-month low on speculation that a jump in pork prices will slow demand from U.S. consumers. Pork bellies, used to make bacon, extended a rally to a record. Cattle were little changed.
Hog futures fell for the fourth time in five sessions as pork prices plunged, signaling U.S. animal supplies may top consumer demand for meat. Pork bellies extended a rally to a record, and cattle were little changed.