Hog Futures Fall to Two-Month Low on Animal Supplies; Cattle Futures Drop

(Bloomberg) -- Hog futures in Chicago fell to the
lowest closing price in more than two months as supplies of the
animals exceeded demand from meatpackers. Cattle futures also
declined.

Pork processors such as Smithfield Foods Inc. killed about
1.95 million hogs last week, unchanged from a year earlier, even
though pork prices are 13 percent higher. That indicates hog
supplies are plentiful, said Rich Nelson, an analyst with
Allendale Inc. in McHenry, Illinois.


Read more at Bloomberg Commodities News