GFM Network News


Must Reads

explore

Stories from our other publications


U.S. livestock: Cattle, hogs limit down on coronavirus fears

Market has to 'reevaluate' supply/demand picture

Chicago | Reuters — U.S. livestock futures on the Chicago Mercantile Exchange (CME) plunged by their daily trading limits on Wednesday as stricter coronavirus emergency measures hammered stock markets and deepened worries about a global recession. Live cattle futures dropped for the fourth time in five sessions, erasing all of the prior session’s gains, while

U.S. senators scrutinize meat packers’ profits during pandemic

Chicago | Reuters — U.S. senators are calling for investigations of record profit margins for beef processors such as Tyson Foods and Cargill, after ranchers complained surging meat prices due to coronavirus hoarding did not translate into higher cattle prices. Futures prices for cattle have tumbled during the outbreak, worrying farmers as the U.S. economy

U.S. livestock: Cattle futures jump in end-of-month, -quarter rebound

Lean hog futures up in most months

Chicago | Reuters — U.S. live cattle futures rallied by as much as the daily three-cent trading limit on Tuesday in an end-of-month and end-of-quarter profit-taking bounce following a steep drop fueled by concerns about the fast-spreading coronavirus and its economic impact. The recent dive in prices as governments imposed stay-at-home orders and restrictions on


COVID-19 strains already-battered Ontario beef industry

Limited processing capacity remains financial challenge for province's feedlot sector, despite recent increase in retail demand

Ontario’s beef industry was already in the midst of an economic crisis, but COVID-19 is worsening the financial toll on the province’s cattle feeders. Due to extremely limited processing plant capacity, an uncompetitive market and disruptions to trade and market access, Ontario’s beef industry was losing an average of more than $2 million per week



COVID-19 concerns are impacting everything from school closures to travel, but the year’s bull sale guides are still appearing in the mail.

Breeders expect online uptick as COVID-19 hits bull sale season

’Tis the season for bull sales, but producers should plan for more of their customers to bid online, given social distancing measures

Doug McLaren of JAS Red Angus near Neepawa is full tilt into the last few weeks before his farm’s annual bull sale April 7 — but he’s still not entirely sure what that sale will look like. The McLaren family typically hosts their sale on the local show grounds of the Neepawa Ag Complex, also

COVID-19 cases shut Olymel hog slaughter plant

Facility in Quebec's Mauricie region to close for two weeks

The COVID-19 coronavirus has made its way into the labour pool at a major pork packing plant in Quebec’s Mauricie region, forcing a two-week shutdown. Olymel, the meat packing arm of Quebec-based Sollio Co-operative Group, announced Sunday it will temporarily close its hog slaughter and cutting plant at Yamachiche, about 20 km west of Trois-Rivieres,


Pet food investment firm buys Ontario raw food maker

Tollden Farms to join United Raw Pet Foods

A Toronto-area investment firm billed as “the pet industry’s merchant bank” has bought control of its fifth Canadian maker of frozen raw pet foods in three years. Mississauga-based Dane Creek Capital Corp., the 70 per cent controlling shareholder in United Raw Pet Foods, announced Thursday that United Raw has bought Tollden Farms of Kemptville, Ont.