Hog Prices Jump as Soaring Feed Costs Spill to Livestock Market
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The blistering rally in global animal-feed markets is beginning to spill into the pandemic-battered U.S. hog sector.
Chicago hog futures rose nearly 7% in the past four sessions to reach the highest since October, while U.S. Department of Agriculture data showed U.S. pork prices prior to the New Year’s Day holiday jumped 8.2%, the most since September.