Hogs Decline On Increasing U.S. Pork Supplies; Cattle Drop

Hog futures dropped the most in a week on signs of increasing U.S. supplies of pork. Cattle also fell.

Slaughtered hogs in Iowa and southern Minnesota, the biggest U.S. pork-producing area, weighed 2.6 percent more in the week ended Dec. 11 than a year earlier, Department of Agriculture data show. On Dec. 13, hog carcasses nationally averaged 207.85 pounds (94.3 kilograms), USDA data show.

“There’s still plenty of hogs,” said Lawrence Kane, a market adviser at Stewart-Peterson Group in Yates City, Illinois. “We’ve gotten more pork per hog. That’s put a little bit of pressure on the market.”

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