GFM Network News


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

U.S. livestock: Live cattle sag as Wall Street retreats, grain prices rise

Wholesale ham prices supportive for hogs

Chicago | Reuters — U.S. live cattle futures fell more than two per cent on Monday, pressured by ample beef supplies and fund-driven selling as Wall Street equities declined, analysts said. Feeder cattle futures fell even harder, dropping by three per cent as U.S. corn futures rose to almost $5 a bushel for the first […] Read more

CME August 2020 lean hogs with 20- and 50-day moving averages. (Barchart)

U.S. livestock: Ham prices lead lean hog futures higher

Chicago live cattle book slight gain

Chicago | Reuters — U.S. lean hog futures rose on Thursday as firmer cash markets for hogs and some pork products supported thinking that the market may have bottomed out after declining for much of 2020, traders said. Chicago Mercantile Exchange (CME) August lean hog futures settled up 2.275 cents at 50.225 cents/lb., crawling back […] Read more



(LaFernandiere.com)

Olymel buying Quebec sausage maker

Quebec’s Olymel plans to consolidate its sausage business into a next-to-new processing plant, after making a deal to buy the plant’s owner. Olymel, the meat packing arm of La Coop federee, announced Tuesday it will buy Trois-Rivieres processor La Fernandiere for an undisclosed sum. La Fernandiere will “remain an autonomous entity” within Olymel, the company […] Read more