Reading Time: < 1 minute Lean hog futures climbed at Chicago Mercantile Exchange on Thursday as the market rebounded from recent losses amid short covering and hopes that cash prices may have reached a bottom, analysts said.
Live cattle futures have bounced a bit after sinking last week to a 14-month low
China may buy a couple more cargoes of U.S. soy for next-year delivery: analysts
"I think we're still trying to hunt for a bottom": analyst
Corn and wheat futures also traded lower
Wheat and corn futures advance
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