1. In CHICAGO, hog and pork belly futures fell on concern that meatpackers are slowing purchases because of narrowing profit margins. 2. Last week, meatpackers were aggressive buyers of the market-ready cattle from feedlots and livestock auctions, according to the U.S. Department of Agriculture. 3. Meatpackers currently are well-supplied, which could limit gains. 4. Now, analysts said, there are indications that meatpackers were unable to store any significant amount of bellies this week. 5. Still, meatpackers are currently well-supplied. |