GFM Network News

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

U.S. livestock: CME lean hog futures hit contract high

Cattle futures up on domestic, export demand for beef

Chicago | Reuters — U.S. lean hog futures surged to a contract high on strong demand and technical buying on Tuesday, while cattle futures also advanced, analysts said. Chicago Mercantile Exchange April lean hog futures settled up 2.575 cents at 78.075 cents/lb. (all figures US$). The contract traded up to 78.225 cents, topping a previous […] Read more

(Dave Bedard photo)

Pandemic planning leads to staff cuts at Agropur

Dairy co-operative enters 'business continuity' mode

Dairy co-operative Agropur’s “business continuity” plan against the COVID-19 pandemic calls for job cuts and layoffs for about three per cent of its total workforce. Longueuil, Que.-based Agropur announced Thursday it will eliminate 60 positions and temporarily lay off another 200 employees, all from its Canadian operations. In the “unprecedented context” of COVID-19, Agropur said […] Read more