GFM Network News

U.S. cattle markets gain as corn futures fall

U.S. live cattle futures closed at their highest level in nearly five months on Tuesday as corn prices continued to retreat, with analysts saying the market might be signaling that the record rally in corn is over for now. Feeder cattle futures at the Chicago Mercantile Exchange (CME) were also higher, rising even more than […] Read more

U.S. corn, soy end lower on Midwest rains

U.S. corn and soybean futures reversed course to end lower on Tuesday as investors took profits on updated weather forecasts for more rainfall in the Midwest farm belt, and on selling ahead of Friday’s key government crop report detailing drought damage. Corn and soybeans fell one per cent, erasing earlier gains and dragging wheat lower […] Read more