GFM Network News

U.S. livestock: CME hogs sink by daily limit, hit three-week low on U.S.-China trade worries

Chicago | Reuters – Chicago Mercantile Exchange (CME) hog futures tumbled by the daily, exchange-imposed limit on Wednesday, with the most actively traded contract setting a three-week low, as U.S.-China trade talks ended with no apparent signs of progress. Cattle futures also slumped as widespread selling hit U.S. agricultural markets on the last day of […] Read more

U.S. livestock: CME hog futures drop to two-week lows on U.S.-China trade worries

Chicago | Reuters – Chicago Mercantile Exchange (CME) hog futures extended losses on Tuesday, with U.S.-China trade concerns helping to push prices to their lowest levels in about two weeks. China imposed retaliatory tariffs on imports of U.S. pork and other farm products last year as part of the two nations’ ongoing dispute, hurting exports […] Read more

U.S. livestock: CME hog futures drop by daily limit in retreat from gains

Chicago | Reuters – Chicago Mercantile Exchange (CME) livestock futures stumbled on Monday, with technical selling and profit-taking knocking the hog market to its lowest price levels in more than a week. Traders said the market was ready for a setback after most-active October hogs climbed more than 20 per cent from a four-month low […] Read more

U.S. livestock: Cattle futures end week nearly flat, as hog futures inch up

Chicago | Reuters – Chicago Mercantile Exchange (CME) live cattle futures ended the week near previous levels, as funds took some profits on deferred cattle positions and cash trade remained light. Cash cattle prices were steady to up $1 in Iowa and Nebraska on Friday, with prices at $114 to $116, traders said. Meanwhile, hog […] Read more

Pork accounts for nearly two-thirds of China’s meat consumption and with African swine fever decimating Chinese production, Canada’s pork sector had hoped to see its exports to China jump rather than be banned. Pictured here are pork vendors at a market in Yunnan province in May.

Livestock sector suspicious of China ban but hopeful

Politics, not fraud, may be behind latest Chinese ban of our exports but officials hopeful it can be resolved

Some sort of fraud or more payback from China? That’s the question facing Canadian pork and beef producers after Beijing banned their products last month. As was the case with canola seed, the official Chinese explanation is that it halted imports because of contamination issues — “pests” in canola and the growth promotant ractopamine in […] Read more

U.S. livestock: Futures rally on choppy grains, hopes for Chinese buying spree

Chicago | Reuters – Chicago Mercantile Exchange (CME) live hog futures rallied on Tuesday, as competition among packers for spot delivery grew and animal weights slipped after the recent U.S. heat wave, traders said. Live cattle futures also inched up, supported in part by choppy trading in U.S. grain futures and growing questions of whether […] Read more