Hog Prices Rise Most in Week on U.S. Pork Outlook; Cattle Steady
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Hog futures rose the most in a week on speculation that demand for U.S. pork will remain strong on signs of hot, dry weather during the busiest time of year for outdoor grilling. Cattle prices were unchanged.
Temperatures may be above normal across the western third of the U.S. and the eastern seaboard over the next six to 10 days, the National Weather Service reported today. The high in Chicago over the weekend may reach 85 degrees Fahrenheit (29 Celsius), according to Weather.com. Meatpackers slaughtered 1.27 million hogs this week as of July 3, up 5.2 percent from a year earlier, government data show.