November 1st, 2013

Hog futures fell, heading for the longest slump in three months, on signs that U.S. pork demand is easing. Cattle prices dropped to a one-week low.

On Oct. 30, wholesale pork slumped 1.5 percent to 92.63 cents a pound, the lowest since May 15, according to the latest U.S. government data. Yesterday, the cash price of hogs for immediate delivery fell to a six-month low.

“Demand seems to be a bit on the soft side,” Doug Houghton, an analyst at Brock Associates in Milwaukee, said in a telephone interview. “It is normal for the hog market to be weak in this time of the year.”

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lean hog futures news

Hog futures rise

April 24th, 2013

Hog futures prices advanced the most in a week on signs of increasing demand for U.S. pork as temperatures rise and consumers buy more meat for grilling. Cattle also gained.

Wholesale pork prices increased 1.1 percent to 86.41 cents a pound yesterday, the highest since Feb. 1, government data show. The northwestern half of the Midwest has been at least 5 degrees below normal this month, and temperatures should rise to closer to normal for the next 6 to 15 days, according to Commodity Weather Group LLC in Bethesda, Maryland. More consumers tend to grill outdoors in warmer weather, boosting meat demand.

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March 6th, 2013

Hog futures dropped to a four-month low on speculation that U.S. meat processors will slow animal purchases after an increase in slaughter rates eroded pork prices. Cattle also declined.

A wholesale hog carcass weighing 200 pounds (91 kilograms) plunged 2.2 percent yesterday to 79.89 cents a pound, the biggest drop in three weeks and the lowest since Sept. 26, government data show. Meatpackers slaughtered 854,000 hogs in the first two days of this week, up 1.5 percent from a year earlier, according to the U.S. Department of Agriculture.

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January 23rd, 2013

Hog prices fell the most in two weeks on signs of increasing U.S. supplies of pork. Cattle futures also slid.

Warehouses held 554.4 million pounds (about 251,000 metric tons) of pork at the end of December, up 14 percent from a year earlier, the U.S. Department of Agriculture said yesterday in a report released after the close of trading. Chicken-meat inventories were 7.9 percent larger than a year earlier, and beef supplies rose 1.8 percent, USDA data show.

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May 31st, 2012

Hog futures surged the most in 16 months on signs of increasing demand for U.S. pork. Cattle prices also rose.

In the wholesale market, the price of pork headed for the biggest monthly gain since July, while loins yesterday rose the most in more than a week, U.S. Department of Agriculture data show. That rally indicates high meat sales for the Memorial Day holiday weekend, which ended May 28, said Doug Houghton, an analyst at Brock Associates.

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