GFM Network News


(Canada Beef Inc. photo)

U.S. livestock: CME live cattle surge on beef demand, cash price hopes

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished higher on Tuesday, driven by strong wholesale beef values that generated cash price optimism for this week, said traders. Investors bought deferred months and simultaneously sold December futures before its Dec. 29 expiration. Fund buying contributed to market advances. December live cattle finished up […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle mostly lower after USDA report

Chicago | Reuters — The bulk of Chicago Mercantile Exchange live cattle contracts closed lower on Friday, pressured by the morning’s bearish U.S. Department of Agriculture (USDA) monthly Cattle on Feed report, said traders. USDA’s data showed more cattle than expected entered feedlots in November than a year ago, which analysts attributed to low-cost feed […] Read more



(Photo courtesy Canada Beef Inc.)

U.S. livestock: Consolidation lifts CME live cattle ahead of USDA report

Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures on Thursday closed higher, after consolidation and short-covering ahead of Friday’s U.S. government cattle report helped the market recoup some recent losses, traders said. Analysts, on average, expect the U.S. Department of Agriculture (USDA) monthly Cattle on Feed report at 11 a.m. CT to show […] Read more





(Regis Lefebure photo courtesy ARS/USDA)

U.S. livestock: Supply, demand worries pull hogs from four-month high

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures eased from a four-month top on Monday, pressured by uneasiness over burdensome supplies and tepid meat demand, said traders. Technical selling and futures’ premiums to CME’s hog index for Dec. 14 at 64.11 cents further weighed on the market, they said (all figures US$). February […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. livestock: Cash prices fuel higher CME live cattle futures

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Friday closed up 2.3 per cent, their biggest one-day gain in over a month, after packers paid more for livestock than expected, said traders. Buy stops, short-covering and fund buying accelerated futures advances, they said. December live cattle finished 2.625 cents/lb. higher at 118.9 […] Read more


(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle rebound

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Thursday after short-covering and fund buying pared Wednesday’s losses, said traders. Expectations for steady to weaker prices for slaughter-ready, or cash, cattle by Friday pulled futures from morning highs, they said. December live cattle finished up 0.625 cent/lb. at 116.275 cents, and […] Read more

(File photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle give back some Tuesday gains

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Wednesday after softer wholesale beef demand and this week’s expectations for steady-to-lower cash prices erased some of Tuesday’s rally, said traders. Technical selling further weighed on CME’s live cattle market, they said. December live cattle finished down 0.5 cent/lb. to 115.65 cents […] Read more