Cattle futures fell to the lowest in almost two weeks on signs of easing demand for U.S. beef amid increasing supplies. Hog prices rose.
Wholesale beef fell 0.7 percent to $2.0026 a pound yesterday, the first drop since April 19, U.S. Department of Agriculture data show. U.S. warehouses held a record 513.243 million pounds (232,803 metric tons) of the meat as of March 31, the latest government data show.
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