Bloomberg Anywhere Login


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 Drop as Cheaper Feed Signals More Pork Output; Cattle Gain

Aug. 28 (Bloomberg) -- 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.

Corn futures fell for the second day in Chicago and are down 40 percent in the past year on signs U.S. farmers will harvest a record crop this year. Cheaper grain can increase pork production as farmers boost feed rations. Wholesale pork fell 0.2 percent to 99 cents a pound yesterday, the lowest in almost five weeks, U.S. Department of Agriculture data show.

“We have very adequate hogs around,” Lawrence Kane, a senior market adviser at Stewart-Peterson Group, said in a telephone interview from Yates City, Illinois. “Hog numbers have remained fairly stable.”

Hog futures for October settlement fell 0.6 percent to close at 86.05 cents a pound at 1 p.m. on the Chicago Mercantile Exchange. Prices rose 2.6 percent in the previous three sessions.

Cattle futures for October delivery rose 0.2 percent to $1.26925 a pound on the CME. Prices are down 4.1 percent this year. Feeder-cattle futures for October settlement advanced 0.4 percent to $1.57625 a pound.

To contact the reporter on this story: Elizabeth Campbell in Chicago at

To contact the editor responsible for this story: Steve Stroth at

Please upgrade your Browser

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

Chrome, Firefox, Safari, Opera or Internet Explorer.