Hog Prices Gain on Speculation Pork Demand to Rise; Cattle Slide
This article is for subscribers only.
Hog prices rose on speculation that U.S. demand is increasing as more consumers buy meat to grill outdoors in the warmer-than-normal weather. Cattle dropped.
Wholesale-pork prices rose 0.5 percent to 78.54 cents a pound on April 6, the biggest increase in a week, U.S. Department of Agriculture data show. Spot hogs climbed 4.2 percent last week, the most since October, USDA data show. The first three months of 2012 have been the warmest on record in the contiguous U.S., according to the National Oceanic and Atmospheric Administration.