Hog futures posted the biggest weekly decline in more than four years as confirmed cases of a piglet-killing virus slowed amid speculation that high pork prices are eroding demand.
Corn futures rose for the fifth time in six sessions on signs of increasing demand for shipments from the U.S., the world’s biggest producer. Wheat and soybean prices also advanced.
Hog futures fell, heading for the first two-day slump since last month, on signs of increasing U.S. pork supplies. Cattle prices rose.
Hog futures climbed for the first time in four sessions on speculation that demand for U.S. pork is rising. Cattle prices fell.
Cattle futures, trading little changed in Chicago, may rise for a second consecutive day on signs of declining U.S. beef production amid rising meat demand. Hog prices advanced.
Hog futures slumped for the third straight session on speculation that lower feed costs will increase pork supplies. Cattle rose.
Hog futures declined for the first time in four sessions on concern that a plunge in the cost of livestock feed will spur an increase in U.S. pork supplies. Cattle prices gained.
Feeder-cattle futures rose to a record for the second straight day on speculation that demand from U.S. ranchers will increase as feed costs decline. Hogs dropped.
Cattle futures fell to the lowest price in almost two weeks on speculation that U.S. beef production is outpacing demand. Hog prices rose.
Hog futures headed for the biggest gain in more than a week on signs of climbing demand for U.S. pork amid limited supplies. Cattle prices also rose.