Commodity Blog |
| Higher Meat Consumption Drives Prices for Cattle & Hogs Up Posted: 16 Apr 2013 04:50 PM PDT Futures for cattle and hogs advanced today on speculations that demand for US meat will increase. The US Department of Agriculture reported that US meatpackers processed 122,000 cattle yesterday, 5.2 percent more than in the previous week. Analysts expect that meat consumption will rise as higher temperatures will lead to an increase of outdoor grilling. Today’s market sentiment was positive for commodities as a whole. Traders thought that yesterday’s huge [...] |
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