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

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


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

U.S. livestock: Live cattle up on cash market optimism, beef demand

Hogs up ahead of USDA exports report

Chicago | Reuters — Live cattle futures rose on Wednesday for a fourth straight session, climbing ahead of Thursday’s U.S. Thanksgiving holiday as strong packer margins fed expectations of improving cash cattle prices over the next few weeks, traders said. Chicago Mercantile Exchange February live cattle futures settled up 0.225 cent at 114.175 cents/lb. (all […] Read more


U.S. livestock: Cattle futures follow beef prices, Dow higher

Chicago lean hogs end mixed

Chicago | Reuters — U.S. cattle futures closed higher on Tuesday for a third straight session, lifted by surging wholesale beef prices and optimism that coronavirus vaccines could trigger an economic recovery, bolstering demand for meat, traders said. Wall Street’s Dow Jones industrial average hit a record high above 30,000 on upbeat COVID-19 vaccine news, […] Read more



U.S. livestock: Live cattle futures up two per cent

U.S. feedlot data, beef prices supportive

Chicago | Reuters — U.S. cattle futures closed higher on Monday, buoyed by Friday’s supportive monthly Cattle on Feed report, rising wholesale beef prices and strength on Wall Street tied to hopes for a COVID-19 vaccine, traders said. “All of the above (suggest) optimism for the meat market,” said Jason Roose, analyst and broker with […] Read more

U.S. livestock: Cattle, hog futures tumble on demand worries

Corn values also weigh on feeder cattle, hogs

Chicago | Reuters — U.S. cattle and hog futures tumbled on Thursday on worries about demand for beef and pork as soaring coronavirus infections across the country threatened more restaurant and food service closures and forced more Americans to shelter at home. Investors also fear a repeat of the livestock processing disruptions seen in the […] Read more