1.   Cattle futures posted the biggest one-day drop in seven weeks as meatpackers reduced purchases.

2.   Hog and pork belly futures fell on concern that meatpackers are reducing purchases because of narrowing profits.

3.   In CHICAGO, cattle futures posted the biggest one-day drop in seven weeks as meatpackers reduced purchases.

4.   That caused meatpackers to reduce their slaughter rates, leaving less supply on the market.

5.   Supplies of bacon and other pork products are likely to decline in coming weeks as meatpackers reduce operations because of low margins and falling hog supplies.