GFM Network News






U.S. meat groups fear for market growth with China beef tariff hike

Chicago | Reuters — China’s proposal on Wednesday for tariffs on U.S. beef confirmed the worst-case scenario for the U.S. cattle industry, trade groups said Wednesday, even as they remained hopeful the dispute could be resolved quickly. China listed U.S. goods from soybeans to beef that could potentially incur a 25 per cent import tariff […] Read more



Officials aim to forge ahead with TPP as Canada wavers

Tokyo | Reuters — As trade officials gather in Tokyo this week to try and forge ahead with a trade pact that U.S. President Donald Trump abandoned last year, the new 11-member club risks getting bogged down by resistance from Canada. The member countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), also […] Read more


TPP seen critical for beef sales growth in Japan

Canadian beef producers could be out millions of dollars in new exports if Canada is shut out of the Trans-Pacific Partnership (TPP). Why is it important? Beef exports, especially from Ontario, have been growing significantly to Japan and elsewhere in Asia. Allowing other competitors such as Mexico and New Zealand better access to that market, […] Read more

U.S. livestock: CME live cattle slump, cash prices disappoint

Chicago | Reuters –– Chicago Mercantile Exchange live cattle on Thursday reversed some of their recent gains, pressured by profit-taking following this week’s initial cash prices that fell short of expectations, said traders. To avoid cattle deliveries, some investors sold the October contract either outright or simultaneously bought deferred months in a trading strategy known […] Read more


A chef addresses the crowd at a Canadian beef industry event in China in 2016.

China represents opportunity for Canadian beef producers

Beef is increasingly on the menu for China’s growing middle class 
and the country can’t keep up with demand

The numbers are staggering — 854 million people in China are expected to be regular beef eaters by the year 2030. Despite their large land base, cattle numbers cannot keep up with the demand for beef that has been increasing by 15 per cent per year. What has happened? Where does the beef come from? […] Read more