GFM Network News



High feed grain prices in the West are expected to keep a lid on feeder cattle values this month.

Only a trio of cattle auctions to start 2021

A stronger loonie is making Manitoba cattle less attractive for export

With just three auctions open, fewer than 640 head of cattle were sold at Brandon, Virden and Grunthal for the week ended Jan. 7. “There wasn’t enough to really quote accurate market (prices),” said Keith Cleaver, manager of Heartland Livestock Services’ Brandon auction. “The first week is pretty slow always,” he added, noting cattle numbers




U.S. livestock: Cattle, hog futures fall as corn rises

U.S. beef, pork export sales both up on week

Chicago | Reuters — CME feeder cattle futures fell on Thursday, retreating back toward a three-month low on prospects for increased input costs for livestock operators due to surging corn prices. “It is the rising feed costs,” said Alan Brugler, president of Brugler Marketing + Management. “With the corn being up another 10 cents today,



U.S. livestock: Lean hog futures rise as corn surge seen squeezing supply

Cash prices pressure nearby live cattle futures

Chicago | Reuters — U.S. lean hog futures firmed Tuesday on higher cash hog prices and improving pork packer margins and as soaring feed costs stoked concerns about tighter hog supplies. Corn futures prices surged more than five per cent on Tuesday after the U.S. Department of Agriculture (USDA) slashed its 2020 harvest estimate, with

Canada’s largest grocer is
 hopping on to the sustainable 
beef value chain bandwagon.

Loblaw joins sustainable beef marketplace

The supermarket chain announced the purchase of one million pounds of certified sustainable beef Dec. 18

Canada’s sustainable beef value chain has its first product commitment from a retailer. Loblaw Companies, one of the founders of the Canadian Roundtable for Sustainable Beef (CRSB), has now joined the companies actively sourcing meat certified through the roundtable’s framework. The supermarket chain announced the purchase of one million pounds of CRSB certified beef Dec.



U.S. livestock: Live cattle sink on profit-taking, technical selling

Lean hogs, feeder cattle mixed

Chicago | Reuters — U.S. cattle futures fell on Monday in a profit-taking and technical-selling setback amid concerns about weaker demand for cattle and beef, traders said. Position rolling by funds, as they closed out long positions in the spot month and bought deferred contracts on the second day of the five-session “Goldman roll” period,