Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Hogs Rise to One-Year High as Heat Reduces Weights; Cattle Drop

Hog prices rose to the highest in almost a year on signs that hot weather in the U.S. will curb livestock weights and deter producers from slaughtering animals, reducing pork supplies. Cattle fell.

Temperatures will be at least 5 degrees above normal from Colorado to Massachusetts for the rest of the week and possibly higher in the Midwest, Commodity Weather Group LLC said in a report. On June 29, the average hog carcass weighed 203.6 pounds (92 kilograms), down 3.2 pounds from a week earlier, government data show. Livestock use more energy to stay cool during hot weather, reducing weight.

“The really big thing is this heat coming down the week,” Lou Arens, a broker at PCI Advisory Services, said in a telephone interview from Waucoma, Iowa.

Hog futures for August settlement climbed 0.2 percent to settle at 94.975 cents a pound at 1 p.m. on the Chicago Mercantile Exchange. Earlier, the price reached 96.325 cents, the highest for the most-active contract since July 7, 2011.

Last week, some producers were “backing off” the number of pigs they were sending to packing plants because of the heat, Arens said.

Cattle futures for August delivery dropped 1 percent to settle at $1.19275 a pound, the biggest drop since June 13. The price has declined 1.8 percent this year.

Feeder-cattle futures for August settlement declined 1.2 percent to $1.4965 a pound.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.