(Bloomberg) -- Hog futures fell in Chicago for the
first time in three sessions as traders focused more on
decreasing U.S. pork exports to Mexico and Russia and less on the
prospect of rising Chinese demand. Cattle prices also fell.
Mexico, the second-largest buyer of U.S. pork behind Japan,
has imported 30 percent less than a year earlier, the U.S.
Department of Agriculture said last week. Exports to Russia, the
fifth-largest buyer, are 25 percent behind last year's pace, the
USDA said. The price of pork rose 7.1 percent in the past two
days on speculation demand from China would rise.
Read more at Bloomberg Commodities News
first time in three sessions as traders focused more on
decreasing U.S. pork exports to Mexico and Russia and less on the
prospect of rising Chinese demand. Cattle prices also fell.
Mexico, the second-largest buyer of U.S. pork behind Japan,
has imported 30 percent less than a year earlier, the U.S.
Department of Agriculture said last week. Exports to Russia, the
fifth-largest buyer, are 25 percent behind last year's pace, the
USDA said. The price of pork rose 7.1 percent in the past two
days on speculation demand from China would rise.
Read more at Bloomberg Commodities News
No comments:
Post a Comment