(Bloomberg) -- Hog futures rose in Chicago on
speculation that China will import more pork, the most widely
consumed meat in the nation of 1.3 billion people. Cattle
futures fell.
Higher grain costs and the spread of so-called Blue Ear
disease in hogs drove up retail pork prices 12 percent in China
last month, according to the Chinese government. China was the
sixth-largest importer of U.S. pork last year, buying 113.5
million pounds (51.5 million kilograms), the U.S. Department of
Agriculture said in a report.
Read more at Bloomberg Commodities News
speculation that China will import more pork, the most widely
consumed meat in the nation of 1.3 billion people. Cattle
futures fell.
Higher grain costs and the spread of so-called Blue Ear
disease in hogs drove up retail pork prices 12 percent in China
last month, according to the Chinese government. China was the
sixth-largest importer of U.S. pork last year, buying 113.5
million pounds (51.5 million kilograms), the U.S. Department of
Agriculture said in a report.
Read more at Bloomberg Commodities News
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