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
CME lean hogs hit lowest price since Nov. 28 contract low
Despite small U.S. herd, placement into feedlots have been above last year's levels
CME lean hog futures followed cattle contracts lower
Chicago lean hogs continue higher
Chicago lean hog futures also firm
Short covering also lifts CME hogs
February hogs touch contract low
Chicago February hogs set contract low
Chicago cattle futures end lower