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

China September meat imports slightly up on month

China imported 834,000 tonnes of meat in September, customs data showed Oct. 13, slightly higher than the previous month, as the world’s biggest meat consumer continues to stock up on proteins after a plunge in its pork output. The large volume compares to August’s imports of 832,000 tonnes and suggests there has been little impact

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

File photo of domestic hogs on a German farm.

Germany finds three new African swine fever cases in wild boar

Three more cases of African swine fever (ASF) have been confirmed in wild boar in the eastern German state of Brandenburg, the state government said on Oct. 8. The new discoveries bring the total number of confirmed cases to 53 since the first one on Sept. 10, the Brandenburg state Health Ministry said. All were

Strong soybean performance is primarily what bolstered a record August.

Comment: China making good on Phase 1 trade deal

U.S. farm exports to China hit new August record thanks to soybeans

U.S. agricultural exports to China had a sluggish start to 2020 relative to the lofty expectations set forth by the Phase 1 trade agreement, but the August value soared substantially over that of the prior months owing to strong soybean shipments. U.S. cotton exports to China hit a 7-1/2-year high in August, while corn shipments

U.S. livestock: Lean hogs up on lower-than-expected inventory

CME live cattle follow cash cattle lower

Chicago | Reuters — U.S. lean hog futures climbed on Wednesday as traders grappled with mounting confusion on lower-than-expected slaughter rates, traders said. Wednesday’s daily U.S. hog slaughter was 489,000 head — or 2,000 fewer than the same period last year, according to data published by the U.S. Department of Agriculture. For the week to

China seeks to essentially raise all its own pork

Rapid rebuild of swine herd could dash hopes of exporters like Canada for lasting inroads into market

Reuters – China is aiming to produce 95 per cent of its pork at home, according to a cabinet document outlining plans for its livestock sector, underscoring a goal to quickly rebuild its huge pig herd after a major disease epidemic. The document comes amid a heightened focus on food security by Beijing, with coronavirus

U.S. livestock: Cattle futures up on cash market optimism

Wholesale pork values support October hogs

Chicago | Reuters — U.S. live cattle futures closed firm on Monday, rallying after a sharply lower open as strong packer margins raised expectations for higher cash cattle trade this week, analysts said. Average beef packer margins rose to $320.18 per head, from $313.25 on Friday, according to livestock marketing advisory service (all figures