Hog Futures Decline on Signs of Slowing Pork Demand
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Hog futures fell the most in a week on signs of slowing demand for U.S. pork. Cattle prices dropped from a one-week high.
Wholesale pork slumped 0.5 percent yesterday to 78.42 cents a pound, the fifth decline in six sessions, according to U.S. Department of Agriculture data. Exporters shipped 423.12 million pounds (191,922 metric tons) of pork in January, down 16 percent from a year earlier, the latest government data show.