GFM Network News


U.S. grains: Wheat firm on Russia export quota plan

Chicago corn ends lower

Chicago | Reuters — U.S. wheat futures rose on Friday on optimism about export prospects as a Russian plan to cap grain exports for the rest of the season shifted attention back to potential supply tensions during the coronavirus pandemic. However, futures pared gains on profit-taking ahead of the weekend and worries that the rally […] Read more

U.S. egg prices hit record levels as pandemic buying boosts demand

Washington | Reuters — Increased demand for eggs in the United States has sent egg prices soaring in recent weeks as consumers scramble to stock up on staples due to coronavirus shutdowns. Wholesale prices of “Midwest large” eggs hit an all-time high of $3.09 a dozen on Thursday, triple their level in early March, before […] Read more


COVID-19 and the farm: Stories from the GFM network

COVID-19 has added an unprecedented level of uncertainty and disruption to the agricultural communities we serve. Throughout this crisis, Glacier FarmMedia is leveraging the strength of its farm news network to help you stay up to date on developments important to your family and farm. Look here for links to all the coverage provided by our […] Read more



U.S. livestock: Hogs limit down as grocery panic eases

Widespread layoffs raise concern over beef demand

Chicago | Reuters — U.S. lean hog futures fell their daily three-cent limit on Thursday on signs that a consumer meat-buying frenzy has cooled, allowing traders to re-focus on plentiful U.S. hog and pork supplies, traders said. The benchmark June lean hog futures contract on the Chicago Mercantile Exchange settled down three cents at 68.75 […] Read more

JBS sees steady trade flows but flags export woes

Sao Paulo | Reuters — Brazil’s JBS, the world’s largest meatpacker, has said the COVID-19 coronavirus epidemic could cause container shortages, port disruptions and other logistics issues, but said trade flows should stay strong thanks to Chinese demand. In a conference call to discuss earnings results on Thursday, JBS executives said its export operations had […] Read more


“The shortage this past week was from consumers overbuying.” –  David Webb.

No need to ramp up egg production, says official

Some stores are limiting egg sales but the problem is panic buying, not a production shortage

Alberta egg farmers aren’t planning to ramp up production as the recent surge in egg sales is expected to be temporary. “For us, the shortage this past week was from consumers overbuying,” Egg Farmers of Alberta spokesperson David Webb said March 25. In order to thwart panic buying or hoarding, many grocery stores are limiting […] Read more



CBOT weekly outlook: Wheat futures underpinned for now

However, traders still watching headlines

MarketsFarm — U.S. wheat futures have climbed higher over the past week, with the largest gains in Chicago Board of Trade soft wheat, as global uncertainty over the COVID-19 pandemic provided some support. However, that uncertainty could also makes predicting market trends rather difficult, according to an analyst. “All of my comments come with a […] Read more