Chicago Mercantile Exchange lean hog futures set contract lows for a second consecutive session on Wednesday under pressure from ample supplies.
Packers losing money processing beef due to tight supply
Large supplies of hogs continue to pressure futures, analysts said
China's beef purchases supports live cattle
Plains blizzards and cold winter weather stressed animals and impacted weight gain
Live cattle futures eased on profit-taking and weaker-than-expected cash trades
Live cattle ended the day down, feeder cattle were up
Lean hog futures ended the day mixed
The trade is expecting a smaller hog herd, Reuters survey shows
Lean hog futures also ended the day lower
Lean hogs end slightly down after early jump