GFM Network News

CME April 2020 live cattle with Bollinger (20,2) bands. (Barchart)

U.S. livestock: Hogs, cattle sink to multi-month lows

Ample supplies drag on cattle futures

Chicago | Reuters — U.S. hog and cattle futures dropped to fresh multi-month lows on Wednesday. Ample supplies and weakening cash markets weighed on the cattle contracts while concerns about demand from China pressured hog futures. The pressure on cattle comes at a time of year when the market tends to find support due to […] Read more


Canada, other countries raise meat inspection bar for Brazil

Winnipeg/Chicago | Reuters — Meat-importing countries from North America to Europe and Asia have tightened inspection standards for shipments from Brazil in a bid to protect consumers, following a probe into possible corruption involving inspectors. The Canadian Food Inspection Agency (CFIA) said on Wednesday that the tighter inspection standards it enacted in April have resulted […] Read more


‘Operation Weak Flesh’ takes bite out of Brazil’s meat exports

Sao Paulo | Reuters –– Brazil’s meat exports have fallen sharply since a police investigation into alleged bribery of food-sanitation inspectors in the world’s top beef and poultry exporter sparked a wave of trade bans, an industry group said on Friday. Import restrictions by several key importers of Brazilian meat, ranging from China to Europe, […] Read more


JBS suspends Brazil beef output amid import bans

Sao Paulo | Reuters — Brazil’s JBS SA, the world’s biggest meatpacking company, announced on Thursday it had suspended beef production at 33 of its 36 Brazilian plants amid the corruption scandal that has caused some of the country’s biggest export markets to ban Brazilian meats. Agriculture Minister Blairo Maggi said a police investigation, which […] Read more

(Photo courtesy Canada Beef Inc.)

Brazil beef scandal leaves fewer options for global buyers

Chicago | Reuters –– Global beef buyers will likely need to cobble together supplies from several nations if a scandal persists in Brazil’s meat sector because supply constraints and politics are already limiting trade flows, market analysts said Monday. China suspended imports of all meat products from Brazil, the world’s top beef exporter, as a […] Read more