GFM Network News


CME August 2021 live cattle (candlesticks) with 20- and 50-day moving averages (brown, black lines) and June 2021 lean hogs (pink high/low/close). (Barchart)

U.S. livestock: Live cattle futures close to unchanged

CME June lean hog futures fall

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled close to unchanged on Monday, with attempts at a bargain-buying rally fizzling out after hitting some key resistance points. Hog futures were lower, notching their third straight day of declines on a technical setback. Cattle futures had weakened along with corn futures to end

The Keep It Clean campaign uses a ‘traffic’ system to quantify trade risk from crop protection products.

Keep It Clean enters its fifth year

Industry program helps avoid residue problems on exported crops

Canadian farmers are being encouraged to use an industry alert program to keep unacceptable pesticide residues on crops from spiralling into potential trade problems. The voluntary program called Keep It Clean informs producers about which products to use on cereal, oilseed and pulse crops and which ones to avoid so as not to exceed maximum


CME August 2021 feeder cattle (candlesticks) with 20-day moving average (dark red line) and August 2021 live cattle (pink line, left column). (Barchart)

U.S. livestock: Live cattle down, feeders up with corn

CME lean hog futures down

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures extended losses on Friday on long liquidation that also dragged down corn futures, analysts said. It was the second consecutive day that cattle futures followed declines in the Chicago Board of Trade corn market, which has retreated from eight-year highs reached last week. “Cattle got

Factors pile up for a downturn in cattle markets

Factors pile up for a downturn in cattle markets

The loonie’s current strength is not helpful

Along with the stronger Canadian dollar, a few other factors have combined to point the Manitoba cattle industry toward something of a downturn, according to Harold Unrau of the Grunthal Livestock Auction Mart. “Grain prices are rising. Cattle futures are staying the same or maybe dropping a bit. So between the dollar and the grain

Cereals Canada, Grain Growers of Canada favour private grain inspectors over CGC

Cereals Canada, Grain Growers of Canada favour private grain inspectors over CGC

AAFC is compiling the feedback and will publish a summary on its website

Cereals Canada and the Grain Growers of Canada (GGC) want inspectors from private companies to replace the mandatory inspection currently done by Canadian Grain Commission (CGC) staff on Canadian grain exported by ship. Their positions are in submissions to Agriculture and Agri-Food Canada AAFC, which is reviewing the Canada Grain Act and the CGC’s role


CME June 2021 live cattle (candlesticks) with Bollinger (20,2) bands and June 2021 lean hogs (pink high/low/close). (Barchart)

U.S. livestock: Live cattle futures fall on long liquidation

Lean hogs down with pork export sales data

Chicago | Reuters — U.S. live cattle futures fell 2.5 per cent on Thursday, following broad declines in grain and livestock markets that analysts attributed to fund-driven long liquidation and technical selling after recent highs. “It seems it was a risk-off day all across the board… It was more of a technical move and just


Average sea surface temperature anomalies over the equatorial Pacific Ocean for the week centred on May 5, 2021 compared to 1981-2010 base period. (CPC.ncep.noaa.gov)

La Nina done, U.S. CPC says

Neutral weather likely through summer

Reuters — A U.S. government weather forecaster said on Thursday La Nina has ended and El Nino-Southern Oscillation (ENSO) neutral conditions are likely to continue through the Northern Hemisphere summer. “ENSO neutral” refers to periods in which neither El Nino nor La Nina is present, often coinciding with the transition between the two weather patterns,


Editor’s Take: Rain and high prices

A now-retired farmer friend says he defines a happy coincidence as when high prices and a big crop happen at the same time. But he also ruefully admits it would probably just as well be described as a ‘bloody miracle.’ He farmed more than 50 years and, during a recent text exchange, conceded that, “I

If canola continues to disappear at its current rate, we would wind up with available supplies of negative half a million tonnes by the time a new crop is ready.

Canola values try to ration demand as stocks tighten

Chicago soy and corn are running at eight-year-plus highs

The ICE Futures canola market continued its meteoric rise during the first trading week of May, as the ongoing story of tight supplies remained supportive. Statistics Canada confirmed the tightening supply situation with its latest stocks report, released May 7. Total canola supplies in the country as of March 31 were pegged at only 6.6