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
Corn consistently below moving averages a bearish sign says analyst
A two-week high in the U.S. dollar also hung over agricultural markets
Large supplies of hogs continue to pressure futures, analysts said
Corn set a contract low in front-month futures; wheat futures declined
China's beef purchases supports live cattle
Wheat, soy decline on bumper Brazil harvest, resilient Black Sea trade
Plains blizzards and cold winter weather stressed animals and impacted weight gain
Corn, soybeans fell as traders assessed a rainy forecast in South America
Live cattle futures eased on profit-taking and weaker-than-expected cash trades