GFM Network News


U.S. livestock: Live cattle edge higher in subdued trade

Chicago hogs end mixed

Chicago | Reuters — U.S. live cattle futures closed higher on Friday for a fourth straight session, supported by follow-through technical buying after Thursday’s strong close and brisk demand for beef, analysts said. But trading volume was thin as brokers waited for significant cash cattle trade to emerge. Fat cattle traded lightly in the southern

U.S. livestock: Live cattle futures jump on tightening supplies

Lower wholesale pork values drag on hogs

Chicago | Reuters — U.S. live cattle futures closed higher on Thursday on expectations that tight cattle supplies and rising demand for beef will buoy cash cattle markets, analysts said. Cash cattle traded lightly in the southern Plains this week at $106/cwt, the U.S. Department of Agriculture reported, even with last week (all figures US$).


U.S. livestock: Lean hogs fall on declining wholesale pork prices

Steady beef demand lifts cattle futures

Chicago | Reuters — U.S. lean hog futures fell on Wednesday on weaker wholesale pork prices, while cattle futures advanced on steady beef demand, traders said. The U.S. pork cutout, an indication of wholesale pork prices, fell by $4.31, to $84.52/cwt, according to the U.S. Department of Agriculture (all figures US$). Prices eased for pork

U.S. livestock: Live cattle rebound as trade adjusts to supply shock

Hogs lower, cash market supportive

Chicago | Reuters — U.S. live cattle futures rebounded on Tuesday, as packers kept processing at a higher-than-usual pace, despite a bearish Cattle on Feed report, traders said. Meanwhile, hog futures eased slightly on Tuesday, as falling cutout prices have carved into packer margins, traders said. CME December live cattle futures gained 0.65 cent to

U.S. livestock: Live cattle hit lowest price since June under supply pressure

December lean hogs close up off recent low

Chicago | Reuters — U.S. live cattle futures fell on Monday, with the most-active contract touching its lowest price since June under pressure from a larger-than-expected number of cattle on feed in the United States, traders said. The U.S. Department of Agriculture, in a monthly report issued after the markets closed on Friday, said 11.7


U.S. livestock: Hog, live cattle futures up on bargain buying

USDA Cattle on Feed data tops expectations

Chicago | Reuters –– Chicago Mercantile Exchange lean hog and live cattle futures rose on Friday on some bargain buying ahead of the weekend. Hog futures snapped a three-session losing streak, the longest for the December contract in five weeks, while live cattle rebounded from its lowest since June 29. CME December lean hogs rose

Shutdown urged for Quebec pork plant after COVID-19 death

Union calls on Olymel to close site for at least two weeks

The union for over 1,000 workers at a major Quebec hog slaughter plant is calling on the owner to temporarily close the facility against a COVID-19 outbreak now blamed for the death of an employee. Le Syndicat des travailleurs d’Olymel Vallee-Jonction-CSN said Wednesday the death of a worker earlier this week led it to demand

U.S. livestock: Hog futures fall for third day in a row

USDA report expected to show more cattle on feed

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell for the third day in a row on Thursday, with traders saying they expected the recent surge of Chinese demand for pork to fade as the world’s top consumer rebuilds its decimated hog herd. “I increasingly see more attention paid to deteriorating long-term export


U.S. livestock: Cattle futures mixed

CME lean hog futures ease

Chicago | Reuters — CME live cattle futures eased on Wednesday, retreating back toward seven-week lows hit on Monday after a bargain buying bounce fizzled as plentiful supplies remained the focus of investors. Feeder cattle futures were slightly higher following the front-month contract’s decline to its lowest since July 1 on Tuesday. “The cattle are

U.S. livestock: Hogs fall on profit-taking, cattle firm on bargain buying

Concerns for beef demand still drag on cattle futures

Chicago | Reuters — CME livestock futures were mixed on Tuesday, with hog contracts falling on a round of profit taking while cattle contracts firmed on bargain buying. The benchmark December lean hog contract faced pressure after hitting its highest since Sept. 13, 2019, while February live cattle, which had fallen for four days in