Hog futures fall ahead of report
Story Date: 6/26/2017

Rhonda Garrison

Hog futures fell Thursday ahead of a government report that showed frozen pork belly stocks last month dropped to a record low.

In a report released after the markets closed, USDA said that stocks of pork bellies in commercial freezers fell almost 60% in May from a year earlier to 31.6 million pounds and were down 6% from April. Tight stocks of bellies, has lit a fire under prices recently amid strong demand.

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