The 2014 rally in hog prices is over as concerns over a deadly pig virus give way to an expanding supply of the animals.
With bacon gracing everything from muffins to milkshakes, U.S. prices are poised to retreat from an all-time high as the fad wanes and pork supply rebounds after last year’s historic drought.
Billionaire investors George Soros and Louis Moore Bacon cut their stakes in exchange-traded products backed by gold last quarter as futures dropped the most in more than eight years. John Paulson maintained his holding.
Hedge fund titan Louis M. Bacon has decided to return about $2 billion to investors after a particularly tough second quarter this year when his fund was down 3.18%.