GFM Network News


U.S. livestock: Live cattle futures mostly firm on wintry Plains weather

April hogs stay within Friday's range

Chicago | Reuters — U.S. live cattle futures closed mostly higher on Tuesday as frigid conditions gripped the U.S. Plains and Midwest, limiting the movement of animals into meat plants and threatening to reduce cattle weights, traders said. However, rallies were limited as wintry weather and power outages prompted meat-packing plants to slow the slaughter

U.S. livestock: Cattle futures rally

Cold U.S. weather in focus

Chicago | Reuters — U.S. cattle futures rallied on Friday, supported by cold weather in the United States that was making it hard to put weight on animals. “Weather remains front and center for cattle producers, bitter cold temps will be with us through the weekend and also some sizable snow totals in the southeast


Feeder cattle prices continue to increase

Some feedlots down east still have room for Manitoba cattle

Manitoba cattle auction yards saw plenty of activity in the first week of February as more than 8,000 cattle went through the rings. By comparison, roughly 5,000 head were sold in the previous week. Feeder prices continued their steady ascent over the past few weeks as lighter-weight steers saw the greatest value. High-end steers weighing less than 500


U.S. livestock: Live cattle down on profit taking

Cash markets support CME lean hogs

Chicago | Reuters — U.S. live cattle futures dropped on a profit-taking setback on Wednesday, a day after rallying to their highest in nearly a year, but worries about a cold snap across production regions of the Plains kept declines in check. Hog futures rebounded after closing mixed on Tuesday as strong cash markets led


U.S. livestock: CME lean hogs end mixed after five-session rally

Feeder cattle up on corn supply projection

Chicago | Reuters — U.S. lean hog futures ended mixed on Tuesday following five straight sessions of contract highs that triggered technical and speculative selling and profit taking in some futures months. The market, however, remained underpinned by strong cash hog prices, robust export demand and profitable pork packer margins, as well as Tuesday’s downturn


U.S. livestock: CME hogs touch contract high for fourth straight day

Live cattle up, feeder cattle retreat

Chicago | Reuters — U.S. lean hog futures extended their rally on Friday, setting a contract high for the fourth consecutive day on strong demand, while live cattle futures topped a one-year high. Traders predicted Chinese buyers will continue to snap up U.S. pork after the U.S. Department of Agriculture on Thursday reported export sales



U.S. livestock: Hogs set contract high on strong demand, lighter weights

CME cattle futures close lower

Chicago | Reuters — U.S. lean hog futures on Wednesday reached a contract high for the second consecutive day on strong demand and a decline in farm animal weights, analysts said. Average hog weights have declined as processors have cleared a backlog of hogs on farms that began last spring when COVID-19 outbreaks temporarily shut