GFM Network News



U.S. livestock: Live cattle jump to two-month high

Lean hogs up on bargain buying

Chicago | Reuters — U.S. live cattle futures on Monday reached a two-month high on follow-through buying from last week, while lean hog futures edged up on bargain buying, traders said. Cattle futures are extending a recovery after recently regaining a premium over cash prices, traders said. Technical buying helped support the futures market even


U.S. senators question packers over exports to China during pandemic

USDA shows record pork exports to China in April, raising questions about rising U.S. meat prices

Chicago | Reuters — Two prominent U.S. Senate Democrats are pressing America’s top meatpackers to disclose by month’s end how much pork, beef and chicken they shipped to China during the coronavirus outbreak while warning of possible meat shortages at home. The request from Senators Elizabeth Warren and Cory Booker increases scrutiny of companies such

Manitoba’s pork sector continues to grapple with many questions and few answers as it navigates the ‘new normal.’

Pork sector still facing uncertain landscape

The effects of market disruption from COVID-19 and plant closures has yet to dissipate, leaving many questions for the sector

The hog market is starting its rebound with news that previously plugged value chains are once again starting to move — but the sector has a long climb ahead. Bill Alford, general manager of Hams Marketing, noted that U.S. processors previously shut down due to COVID-19 are once again ramping up operations, although the backlog of market-ready hogs held

Hog sector hit hard by pandemic

Market weakness seen likely to push some farmers out of business

MarketsFarm — COVID-19 has hit the hog sector hard, with the double-edged sword of large supplies and reduced demand weighing heavily on the market. “The prospect of profitability at current forward prices and at current cash prices is nil… and there’s really no prospect of making anything this year,” said Tyler Fulton, director of risk


U.S. livestock: Lean hog futures down on large supplies

CME August cattle also close lower

Chicago | Reuters — U.S. lean hog futures extended a decline on Thursday under pressure from large supplies and rebounding pork production, analysts said. Traders expect meat packers to have ample hogs to slaughter after livestock backed up on farms when processing plants temporarily closed in April and May because of COVID-19 outbreaks among meatpacking

Canada’s pork sector has been hard hit by processing bottlenecks and market free fall due to COVID-19.

Pork sector temporarily halting ractopamine-free program audits

The pork sector says temporarily postponing ractopamine audits is small potatoes, compared to the other stresses facing its industry

Audits to check against the use of the feed additive ractopamine are the latest casualty of COVID-19. The Canadian Food Inspection Agency (CFIA) said May 20 that third-party audits under the Canadian Ractopamine-Free Pork Certification Program may be postponed. Facilities with audits between March and the end of May are impacted, the agency said. Why it matters: Ractopamine was

U.S. livestock: Live cattle down as slaughter recovers, beef prices sag

Hog futures mostly up on technical buying

Chicago | Reuters — U.S. live cattle futures fell on Friday, pressured by softening prices for market-ready cattle and declining packer profit margins as wholesale beef prices continue to slide, analysts said. Chicago Mercantile Exchange (CME) June live cattle futures settled down 1.825 cents at 93.9 cents/lb. and benchmark August fell 1.75 cents at 96.175


Pork packer considering Moose Jaw’s ex-beef plant

Donald's Fine Foods announces 'feasibility study'

A potential buyer’s study could soon show whether a former beef packing plant in southern Saskatchewan has the bones to support a pork processing operation for cull sows. Richmond, B.C.-based Donald’s Fine Foods, which since 2010 has operated the Thunder Creek Pork hog plant at Moose Jaw, announced last week it plans to run a

China tells state firms to halt purchases of major U.S. farm products

Purchases of soybeans, pork, corn, cotton on hold

Beijing/Singapore | Reuters –– China has told state-owned firms to halt purchases of soybeans and pork from the United States, two people familiar with the matter said, after Washington said it would eliminate special treatment for Hong Kong to punish Beijing. Large-volume state purchases of U.S. corn and cotton have also been put on hold,