GFM Network News


U.S. livestock: Live cattle up on cash market optimism, beef demand

Hogs up ahead of USDA exports report

Chicago | Reuters — Live cattle futures rose on Wednesday for a fourth straight session, climbing ahead of Thursday’s U.S. Thanksgiving holiday as strong packer margins fed expectations of improving cash cattle prices over the next few weeks, traders said. Chicago Mercantile Exchange February live cattle futures settled up 0.225 cent at 114.175 cents/lb. (all […] Read more

This young sow, which died on an Asian farm of African swine fever, displays the dark lesions commonly seen on infected pigs.

ASF virus is deadly but the fallout from an outbreak even worse

Health officials can deal with an African swine fever outbreak, but not its huge market disruption, says top expert


It’s a nightmare scenario — but if African swine fever arrived in Canada, the economic consequences would be much harder to deal with than the virus itself. “African swine fever is a big problem with very big challenges,” Dr. Egan Brockhoff said during a recent virtual presentation. “Big is an understatement. This is a global […] Read more


U.S. livestock: Cattle futures follow beef prices, Dow higher

Chicago lean hogs end mixed

Chicago | Reuters — U.S. cattle futures closed higher on Tuesday for a third straight session, lifted by surging wholesale beef prices and optimism that coronavirus vaccines could trigger an economic recovery, bolstering demand for meat, traders said. Wall Street’s Dow Jones industrial average hit a record high above 30,000 on upbeat COVID-19 vaccine news, […] Read more

U.S. livestock: Live cattle futures up two per cent

U.S. feedlot data, beef prices supportive

Chicago | Reuters — U.S. cattle futures closed higher on Monday, buoyed by Friday’s supportive monthly Cattle on Feed report, rising wholesale beef prices and strength on Wall Street tied to hopes for a COVID-19 vaccine, traders said. “All of the above (suggest) optimism for the meat market,” said Jason Roose, analyst and broker with […] Read more



U.S. livestock: Cattle, hog futures tumble on demand worries

Corn values also weigh on feeder cattle, hogs

Chicago | Reuters — U.S. cattle and hog futures tumbled on Thursday on worries about demand for beef and pork as soaring coronavirus infections across the country threatened more restaurant and food service closures and forced more Americans to shelter at home. Investors also fear a repeat of the livestock processing disruptions seen in the […] Read more


U.S. livestock: Cattle futures retreat as COVID surge stokes demand worries

CME lean hog futures end mixed

Chicago | Reuters — U.S. cattle futures fell on Wednesday as rising coronavirus infection rates stoked concerns about potential supply-chain disruptions and reduced demand for beef as health restrictions shutter restaurants and discourage travel. U.S. stocks dove on Wednesday as investors weighed surging COVID-19 infections and mounting shutdowns against encouraging vaccine developments. An April plunge […] Read more

U.S. livestock: Cattle futures climb with cash market, beef prices

Lean hog futures up on short-covering

Chicago | Reuters — U.S. live cattle futures rose for a second straight session on Tuesday, lifted by higher cash beef prices and signs that cash cattle at feedlot auctions would trade at steady to higher prices this week. Consumer demand for beef has remained solid despite rising coronavirus infection rates that have triggered lockdowns […] Read more


U.S. livestock: Cattle futures up as Wall Street rallies

COVID-19 worries remain in picture

Chicago | Reuters — U.S. cattle futures ended mostly higher on Monday on spillover support from soaring equities markets, although gains were limited by worries about rising coronavirus infections and likely restaurant closures. News of a second promising COVID-19 vaccine lifted both the S+P 500 and the Dow Jones Industrial Average to record highs on […] Read more

U.S. livestock: Cattle futures sag as COVID surge threatens meat demand

Demand uncertainty also weighs on hogs

Chicago | Reuters — U.S. livestock futures slumped on Friday as soaring coronavirus cases raised expectations for lockdowns on commerce that will hurt demand for meat from restaurants, hotels and other venues, analysts said. Cities and states across the country have moved to re-impose restrictions to tame new spikes in COVID-19 infections and hospitalizations. Additional […] Read more