Cattle Futures Drop to 6-Month Low as Supplies Increase; Hog Prices Fall

(Bloomberg) -- Cattle futures in Chicago fell to a
six-month low on expectations for greater supplies of
slaughter-ready animals. Hog prices also declined.

U.S. feedlots bought 2.159 million young animals for
fattening in May, up 13 percent from a year earlier, the
Department of Agriculture said June 22. Those animals will be
ready for processing in September. Cattle prices are up 3.9
percent from a year ago on tight supplies of fed animals.


Read more at Bloomberg Commodities News