GFM Network News


Feed weekly outlook: Export demand supports prices

MarketsFarm — Feed grain prices remain strong into the winter, due to steady feedlot demand and solid export activity. Brandon Motz of CorNine Commodities at Lacombe, Alta. said feedlots have freed up some pen space after COVID-19 shutdowns created backlogs, but demand remained steady. “There’s more pen space in southern Alberta, compared to other years,” […] Read more

U.S. livestock: Cattle futures step back on demand uncertainty

February lean hog futures lower

Chicago | Reuters — Live cattle futures trimmed on Thursday as fears of additional pandemic closures weighed on the demand outlook, traders said. Chicago Mercantile Exchange February live cattle futures fell 1.35 cents to 112.575 cents/lb., the contract’s biggest decline in two weeks (all figures US$). CME January feeder cattle ended two cents lower at […] Read more


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

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. 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


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

Feed weekly outlook: Barley bids firm as feeders seek coverage through spring

MarketsFarm — Feed barley bids held firm through November in Western Canada, with higher prices for deferred delivery as feedlots work to secure supplies in the face of solid export demand. Spot feed barley bids in the Lethbridge, Alta. area have held in the $270-$275 per tonne range through November, said Jim Beusekom of Market […] Read more