GFM Network News






Japan beef buyers ease back a bit on purchases

After surging in January, beef sales to Japan slipped a little in February as buyers adjust to the new Trans-Pacific trade deal, says the Canadian Cattlemen’s Association. An initial tariff cut (to about 27 per cent from 38.5 per cent) in the new year saw beef sales more than triple in January to 3,545 tonnes […] Read more






R-CALF suit alleges U.S. packers conspired to suppress fed cattle prices

Reuters — Four of the largest U.S. beef-packing companies were accused in a lawsuit on Tuesday of violating federal antitrust law by conspiring to drive down prices they paid ranchers for cattle, even as retail beef prices hovered near record levels. Tyson Foods, Cargill, the JBS USA unit of Brazil’s JBS and National Beef Packing […] Read more



U.S. livestock: Lean hog futures lower, live cattle follow suit

Chicago | Reuters – U.S. hog futures declined on Monday on a mix of softer cash hog prices and technical selling after a run-up to contract highs earlier this month, traders said. Chicago Mercantile Exchange live cattle futures followed hogs lower. The benchmark June lean hogs contract fell roughly 3 percent, settling down 2.975 cents at 93.775 […] Read more