(Bloomberg) -- Cattle futures in Chicago fell to a
four-month low as beef demand slowed after the U.S. Memorial Day
holiday. Hog prices climbed on export demand.
U.S. meatpackers including Tyson Foods Inc. and Cargill Inc.
will cut back their slaughter of animals to 609,000 this week
from 701,000 a week ago, according to government estimates.
Wholesale prices for beef loin, the source of most steaks, fell
2.9 percent this week after dropping 4.3 percent last week.
Read more at Bloomberg Commodities News
four-month low as beef demand slowed after the U.S. Memorial Day
holiday. Hog prices climbed on export demand.
U.S. meatpackers including Tyson Foods Inc. and Cargill Inc.
will cut back their slaughter of animals to 609,000 this week
from 701,000 a week ago, according to government estimates.
Wholesale prices for beef loin, the source of most steaks, fell
2.9 percent this week after dropping 4.3 percent last week.
Read more at Bloomberg Commodities News
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