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
The new president pledged "shock" measures to fix the country's economic crisis
Wheat and corn futures advance
Reduced production, increased demand from India and China bolster market
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