GFM Network News



U.S. livestock: Cattle futures sag as COVID surge threatens meat demand

Demand uncertainty also weighs on hogs

Chicago | Reuters — U.S. livestock futures slumped on Friday as soaring coronavirus cases raised expectations for lockdowns on commerce that will hurt demand for meat from restaurants, hotels and other venues, analysts said. Cities and states across the country have moved to re-impose restrictions to tame new spikes in COVID-19 infections and hospitalizations. Additional


U.S. grains: Soybeans up again on export demand, supply concerns

Markets recover after setback on Thursday

Chicago | Reuters — U.S. grain futures rose on Friday as soybeans traded near a 4-1/2-year high reached earlier this week on strong export demand and tightening domestic inventories. The soybean market appeared to be well supported at current prices, after the U.S. Department of Agriculture ignited a rally with a report on Tuesday that

U.S. livestock: Lean hog futures move up off one-month low

Lower corn, soy values support feeder cattle

Chicago | Reuters — U.S. lean hog futures rose on Thursday in a rebound from a one-month low reached in the previous session, while live cattle futures weakened. The hog market’s recovery carried futures to their highest level since Monday. Traders said the market continues to face pressure from large U.S. supplies and uncertainty over

U.S. grains: Soybean futures retreat off 4-1/2 year high

Technical selling adds pressure on corn futures, analyst says

Chicago | Reuters — Chicago Board of Trade soybean futures pulled back on Thursday, a session after they hit their highest level in about 4-1/2 years, and corn futures retreated from their highest in more than a year. The markets took a breather after rallying on a U.S. Department of Agriculture crop report, issued Tuesday,


U.S. House agriculture leader loses election

Midwest farm sector unsettled by prospect it could lose its place at the table

Democratic U.S. Rep. Collin Peter­son, House Agriculture Committee chair, failed to win re-election in Minnesota on Nov. 3, a loss some agriculture leaders said could hurt the U.S. Midwest’s Grain Belt. Though Democrats retained control of the House and therefore will again chair the committee, Peterson’s exit could shift U.S. spending away from a region

U.S. grains: Soy futures hit highest in over four years

U.S. soy stocks enter 'danger zone,' Rabobank says

Chicago | Reuters — U.S. soybean futures on Wednesday hit new four-year highs for the third consecutive day, while corn futures retreated after topping a one-year high on strong export demand and tighter supply estimates. Soybeans extended a rally after the U.S. Department of Agriculture on Tuesday issued a monthly crop report that said corn

Coronavirus kills 15,000 U.S. mink

Affected states aren't planning to cull

Chicago | Reuters — More than 15,000 mink in the United States have died of the coronavirus since August, and authorities are keeping about a dozen farms under quarantine while they investigate the cases, state agriculture officials said. Global health officials are eying the animals as a potential risk for people after Denmark last week



U.S. livestock: Feeder cattle futures slump as corn prices surge

Hogs down off Monday's gains

Chicago | Reuters — U.S. feeder cattle futures ended lower on Tuesday after nearing a six-week high as soaring corn prices signaled that feed costs will increase. Live cattle futures finished near unchanged after setting a fresh four-week high, and lean hog futures weakened. Rising crop prices hung over the markets after the U.S. Department