GFM Network News


U.S. livestock: Cattle futures limit up as beef prices surge

Hog futures also limit up, following cattle higher

Chicago | Reuters — U.S. live cattle futures rose their daily limit on Monday, lifted by strong packer margins, rising wholesale beef prices and expectations of higher cash cattle prices this week after Tyson Foods said it would pay producers a one-time premium, traders said. Benchmark June live cattle futures on the Chicago Mercantile Exchange […] Read more

U.S. livestock: Cattle, hogs rally after grocery stores depleted

Chicago | Reuters — U.S. cattle and hog futures surged on Tuesday, fueled by strength in the cash market as the grocery sector looked to restock shelves following heavy buying during the weekend. Bargain buying also helped support the livestock market. Both live cattle and feeder cattle futures were recovering from near 10-year lows hit […] Read more


U.S. livestock: Cattle futures sag as virus woes fuel recession fears

Bearish market sentiment also drags on hogs

Chicago | Reuters — U.S. live cattle futures fell on Wednesday, with several deferred months setting contract lows as fears of a global recession sent global equity markets tumbling and fueled uncertainty about consumer demand for beef, traders said. “The cattle market really follows what is going on with equities, and equities are down near […] Read more

U.S. livestock: CME live cattle set contract lows

Fears persist that coronavirus will hurt beef demand

Chicago | Reuters — U.S. cattle futures sank to contract lows on Friday, extending a decline fueled by fears that the global coronavirus outbreak will slow economic growth and reduce demand for beef. Losses in the market have accelerated as the virus has spread, with the most-active April live cattle futures contract down 17 per […] Read more


U.S. livestock: CME cattle extend losses

COVID-19 coronavirus continues to rattle investors

Chicago | Reuters — Chicago Mercantile Exchange live and feeder cattle futures fell sharply for a second consecutive day on Tuesday as fears of a coronavirus pandemic stoked concerns about demand and slower global economic growth. Commodities funds liquidated more of their sizable long holdings in cattle after the U.S. Centers for Disease Control and […] Read more

U.S. livestock: Cattle rise on broad commodity strength

Nearby hogs down on weak cash values

Chicago | Reuters — U.S. live cattle futures closed higher on Wednesday, bouncing off a four-month low on bargain buying along with broad-based strength in equity and commodity markets as fears subsided about the impact of the COVID-19 coronavirus outbreak in China. The benchmark April live cattle futures contract on the Chicago Mercantile Exchange (CME) […] Read more


U.S. livestock: Lean hogs, live cattle end mostly lower

Trade awaits direction from cash cattle market

Chicago | Reuters — U.S. hog futures closed mostly lower on Tuesday on concerns about a heavy slaughter pace coupled with uncertainty about export demand from China, the world’s biggest pork consumer, traders said. The weak tone underscored fears that the coronavirus outbreak in China could reduce export demand for pork at a time of […] Read more




U.S. livestock: Live cattle futures firm on strong cash market, rising beef prices

Chicago | Reuters – U.S. live cattle futures firmed on Friday, supported by strong cash feedlot cattle and beef prices and robust packer profit margins. The market posted a modest decline for the week after eight straight weeks of gains, but prices remain near six-month peaks reached after the two-month rally took futures up by […] Read more