Hog Futures Decline on Signs of Slowing Demand; Cattle Drop
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Hog futures fell the most this month on signs of slowing U.S. demand. Cattle also declined.
Yesterday, spot-market hog prices fell 1.8 percent to 90.41 cents a pound, the lowest in four weeks, while futures jumped on speculation that China will import U.S. pork to cap rising domestic meat prices, said Dax Wedemeyer, a broker at U.S. Commodities Inc. in West Des Moines.