GFM Network News

CME July 2021 lean hogs (candlesticks) with 20- and 100-day moving averages (pink and brown lines) and August 2021 live cattle (dark red open/high/low/close). (Barchart)

U.S. livestock: July hogs limit-down to lowest since late March

August live cattle down, feeders up

Chicago | Reuters — Chicago Mercantile Exchange hog futures tumbled to their lowest in nearly three months on Thursday with rising supplies pressuring the market, traders said. CME July hogs settled down the 4.5-cent daily trading limit at 100.025 cents/lb. (all figures US$). That was the lowest for the front-month contract since March 29. Actively […] Read more

( via Flickr)

U.S. March hog herd hits record high

Chicago | Reuters — The number of hogs on U.S. farms in the December-February quarter was up 3.1 per cent from the same period a year ago, a record high for the quarter, according to Thursday’s U.S. Department of Agriculture (USDA) report. Farmers added extra pigs, encouraged by less-costly feed during that period and the […] Read more

(Photo courtesy Canada Beef Inc.)

Canada books bigger beef cattle herd

New estimates from Statistics Canada show the country’s cattle producers hanging onto more breeding stock and holding more calves as of July 1 compared to the same date last year. StatsCan’s livestock estimates as of July 1, released Thursday, showed 13.2 million cattle on Canadian farms as of July 1, up 1.3 per cent from […] Read more