GFM Network News

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: Cattle, hogs follow rebound on Wall Street

Chicago | Reuters — U.S. live cattle futures closed higher on Tuesday, following as Wall Street charged back from the prior day’s steep losses as the world’s biggest economies moved to cushion the impact of the coronavirus, traders said. The rally in global equity markets overshadowed bearish fundamentals in the cattle market, including declining cash […] Read more

U.S. grains: Soy, corn follow broad market rebound

Investors keep eye on stimulus proposals

Chicago | Reuters — U.S. soybean and corn futures each rose for the first time in four sessions on Tuesday as expectations of policy action to curb economic fallout from the coronavirus outbreak helped financial markets regain ground after a day-earlier drubbing. Wheat futures also closed higher in technical moves after a choppy session, although […] Read more

U.S. livestock: CME live cattle end lower

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell on Friday on technical selling and expectations of a seasonal uptick in beef supplies as the pace of cattle slaughter increases, analysts said. “(There is) a little concern that we might have posted the smallest supply of the year, and now we are facing […] Read more

U.S. livestock: Economic fears slam CME live cattle, hogs

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed sharply lower on Friday as global economic turmoil sparked fears of a U.S. meat export slowdown, traders and analysts said. Spot-August futures closed 1.05 cents/lb. lower at 145.425 cents, and October 2.475 cents lower at 143.85 cents (all figures US$). “The elephant in the […] Read more