GFM Network News


U.S. livestock: CME cattle, hogs rise with equities

Livestock futures await export sales data

Chicago | Reuters — U.S. livestock futures strengthened on Wednesday as gains in financial markets helped fuel a recovery from contract lows reached last week in the live cattle market. Live cattle futures have been looking to equity markets for direction as uncertainty about the impact of the coronavirus epidemic has fueled swings in stock […] Read more



U.S. livestock: CME cattle rise in recovery from contract lows

Hogs close mixed as China uncertainty looms

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Monday recovered from contract lows reached last week as concerns temporarily eased about the economic impact from the global coronavirus outbreak. Equity markets also rose on speculation that central banks will cut interest rates to soften the economic blow of the epidemic. “The market […] Read more

U.S. livestock: CME cattle dive as coronavirus slams global markets

Technical buying limits hogs' losses

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures extended a steep sell-off on Friday on growing worries that the spread of coronavirus would dent global economic growth and could tip the world economy into recession. Global stocks and oil prices fell sharply as traders fretted over the economic toll of the virus that […] Read more


U.S. livestock: CME live cattle sink to new lows

COVID-19 continues to spook investors

Chicago | Reuters — Chicago Mercantile Exchange cattle futures ended mostly lower on Thursday, with several key contracts notching new contract lows on nagging worries about the spread of coronavirus and its impact on global economic growth and demand for beef. Commodity funds, which had recently built up a sizable net long position in live […] Read more

U.S. livestock: CME live cattle sink on fund selling

Commodities funds take risk-off stance due to COVID-19

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell sharply in actively traded nearby contracts on Wednesday as concerns about the spread of coronavirus and its impact on demand triggered active selling by commodities funds. Slumping cash market prices further fueled the slide, with the benchmark April contract sinking to its lowest point […] Read more


U.S. livestock: CME cattle extend losses

COVID-19 coronavirus continues to rattle investors

Chicago | Reuters — Chicago Mercantile Exchange live and feeder cattle futures fell sharply for a second consecutive day on Tuesday as fears of a coronavirus pandemic stoked concerns about demand and slower global economic growth. Commodities funds liquidated more of their sizable long holdings in cattle after the U.S. Centers for Disease Control and […] Read more

U.S. livestock: Cattle, hogs dive as coronavirus rattles markets

April live cattle, most feeder contracts close limit-down

Chicago | Reuters — Chicago Mercantile Exchange cattle and hog futures plunged on Monday as a surge of coronavirus cases beyond China stoked fears of U.S. meat export delays and slower global economic growth. The actively-traded April live cattle contract and nearly all feeder cattle contracts closed down by their daily trading limits, triggering expanded […] Read more


U.S. livestock: CME hog futures firm

Cattle contracts ease

Chicago | Reuters — Chicago Mercantile Exchange hog futures ended higher on Friday on a mild technical bounce while cattle contracts weakened. Feeder cattle contracts were under pressure from profit-taking following six straight days of gains that pushed the front-month contract to its highest since Jan. 30. CME lean hog futures for April delivery ended […] Read more