(Bloomberg) -- Hog futures in Chicago headed for
the biggest weekly gain in four months on speculation China may
import more U.S. pork to make up for a drop in domestic
supplies. Cattle also rose.
China may have to buy as much as 100,000 additional tons of
pork worldwide after the spread of ``blue ear,'' a respiratory
disease in pigs, led to a culling of herds that drove domestic
pork prices up 75 percent in the past year. Hog futures have
surged 6 percent this week, the most since mid-March.
Read more at Bloomberg Commodities News
the biggest weekly gain in four months on speculation China may
import more U.S. pork to make up for a drop in domestic
supplies. Cattle also rose.
China may have to buy as much as 100,000 additional tons of
pork worldwide after the spread of ``blue ear,'' a respiratory
disease in pigs, led to a culling of herds that drove domestic
pork prices up 75 percent in the past year. Hog futures have
surged 6 percent this week, the most since mid-March.
Read more at Bloomberg Commodities News
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