GFM Network News


CME June 2021 lean hogs with Bollinger (20,2) bands. (Barchart)

U.S. livestock: Hogs limit-down on profit-taking

Cattle futures continue lower

Chicago | Reuters — U.S. lean hog futures sank by their daily exchange-imposed trading limit on Thursday as profit-taking overwhelmed the market following blistering rallies, analysts said. The setback is a turnaround from gains that have lifted profits for pig farmers after they struggled last year when the COVID-19 pandemic reduced restaurants’ demand for meat […] Read more

Soybean fields are inspected in a University of Wisconsin research trial on dicamba drift at Arlington, Wisc. on Aug. 2, 2018. (File photo: Reuters/Tom Polansek)

Bayer, Corteva in ‘two-dog battle’ over U.S. soy market

Companies' GM soybeans jockey for market share

Chicago | Reuters — Bayer is launching a new genetically modified soybean in the United States, striking back against rival Corteva in a bid to retain its dominant position supplying seeds to the $40 billion U.S. soy industry. Billions of dollars are on the table for companies producing a growing variety of seeds for soybeans, […] Read more


CME June 2021 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Live cattle, lean hogs set new contract highs

June hogs turn lower before close

Chicago | Reuters — Strong meat demand pushed U.S. live cattle and lean hog futures to new contract highs on Monday. The cattle market benefited from increasing demand for beef as the U.S. is entering the summer grilling season, analysts said. Prices for choice cuts of boxed beef soared by $5.82, to $258.67/cwt, while select […] Read more

CBOT May 2021 soybeans with Bollinger (20,2) bands. (Barchart)

U.S. grains: Soybean futures advance on supply concerns

Traders watch U.S. planting progress, crop weather

Chicago | Reuters — Chicago Board of Trade soybean futures jumped on Monday on concerns about U.S. supplies dwindling due to strong export demand and smaller-than-expected plantings. The U.S. Department of Agriculture shocked traders last week by reporting that U.S. farmers plan to sow 87.6 million acres with soybeans this spring and 91.1 million acres […] Read more


(Dave Bedard photo)

U.S. pork processors face higher costs, slower speeds after court ruling

Chicago | Reuters — An industry group representing America’s biggest meatpackers on Thursday pushed the U.S. Department of Agriculture to appeal a federal court decision that canceled an agency rule that allows pork plants to slaughter pigs more quickly. The decision issued Wednesday in U.S. District Court in Minnesota could raise costs for meatpackers like […] Read more



(Dave Bedard photo)

USDA plans more pandemic programs for disadvantaged farmers

Review found disparities in farm aid distribution

Chicago | Reuters — The U.S. Department of Agriculture said on Wednesday it will dedicate at least US$6 billion to help smaller-scale and socially disadvantaged farmers who were hurt by the pandemic, along with producers of organic food and other specialty crops. The agency said it would also increase by approximately $5.6 billion payments made […] Read more

CBOT May 2021 soybeans with Bollinger (20,2) bands. (Barchart)

U.S. grains: Soy futures rally on dry Argentina weather

Attention turns to next week's USDA supply-demand outlook

Chicago | Reuters — U.S. soybean futures prices pushed higher on Friday, notching a fourth straight weekly gain, as dry weather in Argentina continued to fuel worries about global supplies of the oilseed. Corn futures rebounded from a three-week low reached in the previous session, while wheat futures also edged higher. Concerns increased over crops […] Read more


CME April 2021 lean hogs with Bollinger (20,2) bands. (Barchart)

U.S. livestock: Hog futures take a breather

April live cattle up, but well down off highs

Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures consolidated on Friday as the market caught its breath after pulling back from contract highs reached last week. Strong demand for U.S. pork from China recently supported hog futures, as China is battling the fatal pig disease African swine fever, which increased its need […] Read more

CME April 2021 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Pork export sales rise, profit-taking hits hog futures

Cattle futures down while beef exports up

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures ended lower on Thursday as profit-taking overshadowed strong U.S. export demand, analysts said. The U.S. Department of Agriculture, in a weekly report, said weekly net U.S. pork export sales were 59,600 tonnes for 2021, up 68 per cent from the prior four-week average. Weekly export […] Read more