With Americans expected to eat the most pork since 2007, money managers are now the most-bullish since 2014 on hog futures, which already are at a nine-month high. Fast-food restaurant owners like McDonald’s Corp. are selling more bacon, and the price of pork bellies used to make the rashers has surged 30 percent this year.
Futures for June settlement, the most-actively traded hog contract, fell 1.9 percent to 82.275 cents a pound at 11:16 a.m. on the Chicago Mercantile Exchange. Prices are 12 percent higher than a year earlier. April futures, which had been the most-active until March 8, are trading at 69.775 cents a pound Monday, up 18 percent since mid-November. read more – http://dpo.st/1pxaveV