GFM Network News


Fall quota level based on ‘rebound’ in chicken demand

National allocation trimmed two per cent for September-October period

A relatively small tweak to national chicken quota allocation has been set for much of this autumn, following a stretch of heavy pandemic-related cuts. At a Chicken Farmers of Canada meeting Tuesday, national allocation for quota period A-165 (Aug. 30 to Oct. 24, 2020) was set at minus two per cent from its adjusted base. […] Read more

U.S. livestock: Hogs down, cattle up on demand issues

Cash cattle values hint at increased demand

Chicago | Reuters — U.S. lean hog futures dipped on Tuesday, as questions continued to grow about whether pork export demand from China will surge and eat through massive domestic stockpiles, traders said. Meanwhile, cattle futures rose as the cash market showed hints of increased demand from packers hungry to supply grocery stores and restaurants […] Read more


U.S. livestock: Wall Street leads CME cattle, hogs limit down

'You are developing a demand problem'

Chicago | Reuters — U.S. live cattle and feeder cattle futures plunged their daily limit on Thursday, dragged down by another steep sell-off on Wall Street, fears of a global recession and continued uncertainty about consumer demand for meat, traders said. Chicago Mercantile Exchange April live cattle contract settled down its three-cent limit at 100.075 […] Read more

Consumers still continue to enjoy beef, in spite of high prices.

Beef prices continue to be bullish

Both beef and pork experienced significant gains in early 2014, but while pork prices have more or less levelled off, beef continues to increase monthly. Beef prices are expected to remain high because of tight supplies but “the big question is whether consumer demand will hold,” said provincial livestock market analyst Jason Wood. The Canadian consumer […] Read more