Chicago Mercantile Exchange lean hog futures extended a slump, as live cattle futures came under renewed pressure with broad selling hitting agricultural markets on Wednesday.
"I think we're still trying to hunt for a bottom": analyst
Corn and wheat futures also traded lower
Wheat and corn futures advance
Feedlot operators gearing up for shortfall in overall numbers in the first half of 2024
CME lean hogs hit lowest price since Nov. 28 contract low
Wheat futures plummeted; corn pressured by spillover weakness
U.S. government reported sales of 1,120,000 tons of soft red wheat to China this week
Despite small U.S. herd, placement into feedlots have been above last year's levels
The libertarian president-elect has pledged to dollarize the economy, leading to devaluation rumours
With larger crop, trade likely to be overwhelmed by deliveries, analyst says