GFM Network News

U.S. senators question packers over exports to China during pandemic

USDA shows record pork exports to China in April, raising questions about rising U.S. meat prices

Chicago | Reuters — Two prominent U.S. Senate Democrats are pressing America’s top meatpackers to disclose by month’s end how much pork, beef and chicken they shipped to China during the coronavirus outbreak while warning of possible meat shortages at home. The request from Senators Elizabeth Warren and Cory Booker increases scrutiny of companies such

U.S. livestock: Cattle, hog futures down on big supplies, economic jitters

Surge in U.S. COVID-19 cases rattles Wall Street

Chicago | Reuters — U.S. cattle futures eased on Wednesday and hog futures were mostly lower on ample livestock supplies and concerns about rising coronavirus infections and their negative impact on the economy. Wall Street’s three major indexes tumbled on Wednesday and crude oil plunged more than five per cent as a surge in U.S.

U.S. livestock: Futures rise as frozen meat stocks decline

Exporters drew down stored supplies during packer slowdowns

Chicago | Reuters — U.S. cattle and hog futures firmed on Tuesday following two sessions of declines after U.S. Department of Agriculture (USDA) data showed a larger-than-anticipated decline in cold-storage stocks of pork and beef. The USDA stocks report, released after the close on Monday, showed a record-large drop in U.S. frozen pork inventories in

U.S. livestock: Hog futures drop as China tightens food import restrictions

USDA report bearish on cattle futures

Chicago | Reuters — U.S. lean hog futures retreated on Monday, with actively traded nearby contracts sinking more than three per cent and hitting life-of-contract lows amid worries about pork exports to China, which has stepped up oversight of imported goods due to COVID-19. China’s customs authority said on Sunday it had suspended poultry imports

Animal welfare activist dies outside Ontario pork plant

Protestor reportedly hit by transport truck

An animal welfare activist has died while attending what’s been described as a “vigil” outside a southern Ontario hog packing plant, as new provincial limits on such activity around livestock are set to take effect. Halton Regional Police Service reported receiving a call Friday morning that a person had been “struck by a transport truck”

U.S. livestock: Futures drop ahead of USDA data

Cattle on Feed report could be bearish Monday

Chicago | Reuters — U.S. livestock futures fell on Friday, as hog producers and cattle ranchers continue to struggle with a massive backlog even as many slaughterhouses come back online. The U.S. Department of Agriculture’s monthly Cattle on Feed report, released Friday after the market close, showed May feedlot placements at 99 per cent compared

Supply-managed producers fare better than many during pandemic

There have been COVID ups and downs, but these farmers say the system worked

Not all costs are counted yet, but Manitoba’s supply-managed producers appear to be emerging from the pandemic in better shape than their beef and hog farming counterparts thanks, in part, to their ability to co-ordinate supply collectively. “(Supply-managed producers are) facing similar issues — they’ve dumped milk and eggs in a similar way to hog

U.S. livestock: Cattle futures, beef prices decline

Lean hogs up amid technical buying

Chicago | Reuters — U.S. live cattle futures fell Thursday as boxed beef prices tumbled under pressure from rising production. Beef output has increased as meat companies increase slaughtering after temporarily closing processing plants in April and May because of outbreaks of the COVID-19 coronavirus among workers. Processors killed an estimated 120,000 cattle on Thursday,

Manitoba producers can forget any quick relief on the business risk management file, provincial Agriculture Minister Blaine Pedersen says.

AgriStability changes not coming any time soon, says ag-minister Pedersen

The die is set for this iteration of federal-provincial farm support programs

Manitoba Agriculture Minister Blaine Pedersen has thrown cold water on the reforms Canadian farmers have sought for years to improve AgriStability. “We are not going there any time soon just because of the cost implications for the Prairie provinces,” he said in an interview June 11. Asked if Manitoba farmers should stop lobbying for the changes, Pedersen replied: “This will be what the