Other Commodities After losing 13 percent in coffee exports due to coffee rust last season, Costa Rica will likely loss at least 20 percent of crops, or 200,000 sacks, in the coming season as the fungus continues to plague the region. Hog futures for July settlement jumped to a 23-month high of 96.4 cents a pound, as analysts foresee consumers making the switch from beef to the more cost-conscious pork. Despite a price decline on Thursday, beef still stands at more than twice that of pork at $2.044 a pound.
Posted on: Sun, 09 Jun 2013 23:09:52 +0000
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