GFM Network News


U.S. livestock: Live cattle continue lower on unclear outlook

'Hard hill to climb' expected for lean hogs

Chicago | Reuters — U.S. live cattle futures closed lower on Wednesday as uncertainty about demand lingers, while dry conditions in the U.S. West have analysts worried about an influx of market-ready cattle in the coming weeks. “You look at pasture range and it is deteriorating very quickly,” said Ted Seifried, chief ag market strategist […] Read more

U.S. livestock: Cattle futures hit four-month top

Lean hogs up on export news

Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange (CME) rose on Thursday to four-month highs as steady to firmer cash cattle prices signaled that meat packers may have largely worked through a backlog of market-ready cattle that built up this spring, traders said. CME August live cattle futures settled up 1.975 […] Read more


Olymel pork plant workers take slaughter into OT

Over 800 volunteered for added shifts with charitable twist, packer says

Workers at three Olymel hog slaughter plants in Quebec volunteered for overtime shifts over the weekend to help clear the province’s backlog of market-weight hogs, the company said Saturday. Sollio’s meat packing arm said over 800 workers at its slaughter plants at Yamachiche and St-Esprit and the former F. Menard plant it now owns at […] Read more

CN starts calling back laid-off employees

"Network recovery... will take several weeks"

Montreal | Reuters — Canadian National Railway has started calling back many of the 450 workers it laid off earlier this month in Eastern Canada, when blockades crippled operations on strategic rail lines, according to a company email sent to customers Friday. Earlier this week, police made 10 arrests and cleared a blockade in eastern […] Read more


Get grain moving again, KAP says

Move western grain, ASAP. That’s the blunt and urgent message Keystone Agricultural Producers (KAP) president Dan Mazier told an emergency meeting of the House of Commons’ agriculture committee Monday in Ottawa. The 2013-14 grain shipping backlog cost Western farmers around $6.5 billion and the current one will cost billions again, Mazier said. The first step […] Read more

China to subsidize grain transportation, storage

Beijing | Reuters — China plans to subsidize grain transportation and storage facilities in the latest push by Beijing to modernize the world’s largest agriculture sector. Beijing will subsidize projects upgrading or building facilities to load and receive grains along main railways and ports for major waterways including the Yangtze and Pearl rivers, a document […] Read more