Hog Futures Soar to Two-Year High on Pork Demand; Cattle Advance

Hog Futures Soar to Two-Year High on Pork Demand; Cattle Advance

Daniel Acker/Bloomberg

Hog futures for August settlement surged 1.9 percent to 99.15 cents a pound at 10:40 a.m. on the Chicago Mercantile Exchange, after reaching 99.5 cents, the highest for a most- active contract since April 25, 2011.