GFM Network News


CME August 2021 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown, dark red lines). (Barchart)

U.S. livestock: Cattle futures climb on USDA report

Lean hog futures' gains continue

Chicago | Reuters — U.S. live cattle futures gained on Monday, supported by Friday’s monthly Cattle on Feed report that showed smaller-than-expected placements, traders said. Chicago Mercantile Exchange June live cattle futures settled 0.55 cent higher at 116.275 cents/lb. while the August contract ended 1.1 cents higher at 117.95 cents (all figures US$). “It wasn’t […] Read more

CME June 2021 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Hog futures notch new highs on tight supply

Cattle futures firm on cash values

Chicago | Reuters — Lean hog futures on the Chicago Mercantile Exchange found life-of-contract highs for a second day on Friday after the U.S. Agriculture Department reported tight supplies in its quarterly hogs and pigs report after the close Thursday. CME April lean hogs settled up 1.125 cents at 100.8 cents/lb., after reaching a contract […] Read more


Photo: iStock/Getty Images

U.S. livestock: Live cattle futures ease as corn prices soar, raising feed costs

Chicago | Reuters – U.S. live cattle futures declined on Wednesday for a second session as surging corn prices signaled rising feed costs and pressured feeder cattle futures, traders said. Chicago Mercantile Exchange (CME) February live cattle futures settled down 0.125 cent at 114.450 cents per pound, while CME March feeder cattle tumbled 1.475 cents […] Read more

U.S. livestock: Live cattle futures retreat as Wall Street dips, feed costs rise

Chicago | Reuters – U.S. cattle futures retreated on Tuesday after hitting a near three-month high in the previous session as rising feed costs and a downturn in equities markets triggered selling. Cattle futures have firmed in recent days as hopes for an economic stimulus deal in Washington overshadowed worries about restaurant closures and travel […] Read more


(Photo courtesy Canada Beef Inc.)

U.S. livestock: Cattle futures hit six-week high; hog futures ease after rally

Chicago | Reuters – U.S. cattle futures rose for the sixth time in seven sessions on Thursday, hitting a six-week high on signs of strength in the cash market, traders said. Hog futures eased after four straight days of gains pushed the front-month contract to its highest in nearly two months on Wednesday. Volumes were […] Read more

Photo: File

U.S. livestock: Hog futures rise to highest since late October; cattle firms

Chicago | Reuters – U.S. hog futures rose to their highest in nearly two months on Wednesday, supported by a round of technical buying and tight pork supplies. After the market closed on Tuesday, the U.S. government released a report that showed that domestic frozen pork belly stocks as of Nov. 30 stood at 23.111 […] Read more


Photo: File

U.S. livestock: Cattle futures drop on fund selling

Chicago | Reuters – U.S. cattle futures fell on Tuesday, with traders noting pressure from fund selling. Hog futures were slightly firmer as investors squared positions ahead of a key government supply report. Chicago Mercantile Exchange (CME) February live cattle futures dropped 1.2 cents to settle at 113.45 cents per pound. The contract found support […] Read more

CME February 2021 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Cattle futures firm despite weak cash markets

Hogs down on technical selling

Chicago | Reuters — U.S. cattle futures firmed on Wednesday, shrugging off weakness in the cash market in anticipation of tightening supplies in the coming months, traders said. Hog futures eased on a round of technical selling. Traders were expecting a U.S. Department of Agriculture (USDA) report on Friday to show an 8.6 per cent […] Read more


CME February 2021 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Live cattle advance in bargain-buying bounce

CME lean hogs drop

Chicago | Reuters — U.S. live cattle futures firmed for a second straight day on Thursday on bargain buying and speculative buying after prices hit 2-1/2 week lows earlier this week. Futures firmed despite lower cash cattle prices and tumbling beef prices as packer demand held stable and processing margins remained profitable. “With the early […] Read more

CME February 2021 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Live cattle futures follow cash prices, beef values lower

Chicago | Reuters — U.S. live cattle futures fell for a fourth straight session on Tuesday as cash cattle traded lower at southern U.S. Plains feedlot markets and as wholesale beef prices continued a steep seasonal slide. Declines, however, were limited by bargain buying as some traders viewed the recent drop in cattle prices as […] Read more