(Bloomberg) -- Cattle futures in Chicago rose on
tight supplies of live cattle and strengthening beef demand. Hog
futures fell for the second-straight session.
The total U.S. cattle herd as of May 1 was 11.297 million,
down 2.3 percent from a year ago, the U.S. Department of
Agriculture said last week in a monthly report. In an indication
of beef demand, feedlot operators sold more animals to beef
packers last month, up 2 percent to 1.821 million. Analysts had
predicted so-called marketings would drop.
Read more at Bloomberg Commodities News
tight supplies of live cattle and strengthening beef demand. Hog
futures fell for the second-straight session.
The total U.S. cattle herd as of May 1 was 11.297 million,
down 2.3 percent from a year ago, the U.S. Department of
Agriculture said last week in a monthly report. In an indication
of beef demand, feedlot operators sold more animals to beef
packers last month, up 2 percent to 1.821 million. Analysts had
predicted so-called marketings would drop.
Read more at Bloomberg Commodities News
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