1. Hog prices during the past three months suffered amid plentiful beef supplies and relatively high pork prices. 2. Ranchers shipped a record number of cattle to feedlots in January, government figures showed, a sign that plentiful beef supplies and favorable prices await consumers this spring. 3. Strong slaughter rates have likely left meatpackers with plentiful beef supplies, further weighing on prices. 4. The new demand comes as a strong dollar and competition from plentiful beef supplies led to expectations of poor export demand. 5. U.S. ranchers continued stepping up shipments of cattle to feedlots during February, pointing to plentiful beef supplies for consumers this spring. 6. While commodity analysts forecast plentiful beef supplies for consumers through next spring, supplies are expected to tighten later this year. |