If cost is a concern I would just drive 2 solid rear axles from small trucks with 1 hydraulic motor each. Since the loader doesn't NEED suspension the axles can be hard mounted which means the motors DONT have to be hard mounted to the axles. That allows you to choose an additional reduction between them through a set of chain sprockets.
You could even choose to run the whole thing on ONE hydraulic motor through a belt drive. If you ran an idler pulley on the bottom of your center pivot point, you could run a belt from that to the front drive axle and the distances from that pulley to the driven axle on the driven front, and whatever is driving it on the back, would not change through articulation. You could also run the axles off driveshafts, perhaps using one 4wd transfer case with a motor as the input and the outputs feeding the axles. That would give you 2 spd ranges. If you chose to use a simple U-joint at your steering pivot, you'd get some speed variation as it spun at an angle, which may or may not be a problem depending on the rest of the system. For example, some all wheel drive transfer cases have a viscous coupling that could absorb that, and still lock up solid if shifted into '4 lock'. Or, you could use a constant velocity joint or 'double cardan' u-joint to avoid that problem.
In my opinion pretty much any automotive solid axle would be fine. I don't disagree with the momentary 5klb load rating concept, but forces that regular trucks encounter on the street aren't fully quantified and i think any truck carrying its full payload and hitting the bumpstops over a large bump probably does encounter 5k lbs momentary loadings anyway. If you want to talk about shear load, how thick is the 'neck' of a hitch ball, and how often does a hitch ball shear in half when a trailer gets rear ended? 5k momentary load, you think? Just letting up the clutch too quick on a manual truck hooked to a 5k lb trailer would be over a 5k lb load. Those things are skinnier than axle shafts.
I have a whole lot of articulated loader ideas but most of them are catered towards smaller machines probably ~42" wide and picking up only around 1000lbs.