GFM Network News


U.S. livestock: Cattle limit up on beef demand, strong packer margins

Cash hog prices up, pork cutout down

Chicago | Reuters — U.S. live cattle futures settled up their expanded daily limit on Tuesday as traders continued to react to soaring profit margins for beef packers that should lift prices in the cash cattle market this week. Retail demand for meat has surged as fears of the COVID-19 coronavirus prompt consumers to stock […] Read more

As meat demand rises, processors raise pay for farmers, workers

Chicago | Reuters –– North American meat processors said on Monday they would pay extra money to farmers and slaughterhouse workers as the companies scramble to meet surging demand from consumers unnerved by the spread of the new coronavirus. Companies such as Tyson Foods and Cargill want to ensure their slaughterhouses remain supplied with cattle […] Read more





B.C. to punch up AgriStability

Reference margin limit eliminated for 2019, 2020

British Columbia plans to make another $9 million available to farmers through “enhancements” to AgriStability for the 2019 and 2020 program years. The province on Thursday announced it will increase the compensation rate available through the federal/provincial income stabilization program from 70 per cent to 80 per cent when margins fall below the 30 per […] Read more

Klassen: Feeder market remains firm

Feeder cattle markets experienced light volumes during the final week of December and prices were relatively unchanged compared to week-ago levels. Yearling values were slightly softer, as these cattle will not have enough time to be ready for the April fed market. Buying interest for mid-weight categories was characterized as sluggish, while light-weight bawlers were […] Read more



Canada’s canola crush posts new monthly record

MarketsFarm — Canadian oilseed processors set a new monthly record in October 2019, crushing 882,301 tonnes of canola during the reporting period, according to the latest data from Statistics Canada. The crush pace was up by 114,000 tonnes from the previous month and compares with the year-ago October crush of 786,770 tonnes. The previous single […] Read more



ADM’s move to spin off ethanol assets speaks to industry’s woes

New York/Chicago | Reuters — Biofuels pioneer Archer Daniels Midland took another step toward abandoning its pure-play ethanol assets on Friday, the latest sign of the industry’s struggles with U.S. President Donald Trump’s trade wars, thin margins, and overproduction. U.S. law requires ethanol to be blended into gasoline but domestic demand for the biofuel added […] Read more