Hog futures drop to 2-week low amid rising pork supplies

Hog futures declined to the lowest level in two weeks on Thursday amid speculation that supplies of U.S. pork are increasing amid weaker demand for the commodity, at the same time prices of cattle were little changed. Hog futures for June delivery dropped by 0.5% to 91.325 cents a pound as of 9:23 a.m. on the Chicago Mercantile Exchange and June cattle futures fell 0.1% to $1.201 a pound.