GFM Network News


U.S. livestock: Live cattle futures gain on strong cash trade

CME lean hogs down off six-week high

Chicago | Reuetrs — Live cattle futures gained on Wednesday, supported by a firming cash cattle market as traders eye the consumer demand picture. Chicago Mercantile Exchange February live cattle futures added 0.75 cent to settle at 113.925 cents/lb. (all figures US$). Tighter cattle supplies could begin pushing cash markets higher, whittling away at historically […] Read more

AgriStability proposal could have hidden cost, Pedersen warns

Manitoba's ag minister warns Bibeau's plan may hurt crop insurance, AgriInvest funding

Ottawa’s proposal for an improved AgriStability program could give farmers short-term gain for long-term pain, Manitoba’s agriculture minister Blaine Pedersen warns. At the online federal-provincial-territorial agriculture ministers’ meeting on Friday, federal Agriculture Minister Marie Claude Bibeau proposed dropping AgriStability’s maximum reference margin, and increasing the compensation rate from 70 to 80 per cent retroactively this […] Read more


U.S. livestock: Live cattle strengthen on demand outlook

Export demand supports hog futures, for now

Chicago | Reuters — Live cattle futures rose on Tuesday, supported by strong U.S. consumer demand and high wholesale beef prices, traders said. Chicago Mercantile Exchange February live cattle futures added 0.3 cent to 113.175 cents/lb. (all figures US$). CME cattle futures have been steady in recent weeks, recovering from a slump in late October […] Read more

U.S. border restrictions to last a long time yet, Trudeau says

COVID would need to be 'significantly more under control'

Ottawa | Reuters — Canada will not agree to lifting a ban on non-essential travel with the United States until the coronavirus outbreak is significantly under control around the world, Prime Minister Justin Trudeau said on Tuesday. Trudeau’s comments were a clear indication that the border restrictions will last well into 2021. The two neighbours […] Read more



U.S. livestock: Lean hog futures gain on strong pork demand

Weak beef exports drag on live cattle futures

Chicago | Reuters — Lean hog futures gained on Monday as demand for pork keeps pace with strong production, traders said. Chicago Mercantile Exchange’s benchmark February lean hog futures contract settled 1.325 cents higher at 68.575 cents/lb. (all figures US$). “Demand must be good,” said Alan Brugler, president of Brugler Marketing. “Cold storage stocks continue […] Read more


While the backlog of market-ready cattle is greatly reduced, prices remain depressed for feeders. It will be months before the situation is remedied, says Leighton Kolk.

The cattle backlog is easing, but feedlots are still hurting

Feedlot owners losing $200 to $300 a head even though glut of market-ready cattle is smaller

While the backlog of cattle from packing plant closures and slowdowns last spring has dwindled, feedlot owners are still being hit hard. In the spring, there was a backlog of 130,000 cattle that needed to be processed. That number is now down to 30,000, thanks to no more further shutdowns at packing plants, which have […] Read more

When it comes to burger ads, it’s pretty tough to tell McDonald’s Quarter Pounder (top left) from the company’s new McPlant burger (top right). But is it confusing in the grocery store? While Impossible Foods calls its ground beef substitute “burger made from plants,” (bottom right) Beyond Meat uses beef and ‘plant based’ but also a steer logo (bottom left).

Some cattle producers have a beef with fake-meat labelling

Is it misleading to use words like burger and meat for veggie substitutes?

Plant-based protein. Simulated meat. Alternative protein. When it comes to labelling fake meat, what’s in a name? Well, it depends on who you ask. Some say using words like ‘burger’ or ‘sausage’ to describe vegetarian fare is misleading. “To me, it’s obvious we’re producing the best meat product, because everybody else wants to call theirs […] Read more


No BRM breakthrough reached at ministers’ meeting

AgMins fail to find solution to business risk management program woes

No consensus on changes to business risk managements (BRM) programming was reached during the latest round of federal-provincial-territorial agriculture ministers’ meetings. After the meetings ended Friday, federal Agriculture Minister Marie-Claude Bibeau explained Ottawa was willing to maintain the current cost sharing of the programs at a 60-40 split between her government and the provinces. Bibeau’s […] Read more

U.S. livestock: Live cattle futures trim as traders weigh weak exports

Lean hogs down with pork export figures

Chicago | Reuters — Live cattle futures fell on Friday on profit-taking during a shortened holiday-trading day, while less-than-stellar weekly beef exports added pressure to livestock futures overall, traders said. Chicago Mercantile Exchange February live cattle futures fell for the first time in the past five trading sessions, ending the day down 0.925 cent at […] Read more