GFM Network News

U.S. livestock: Cattle set one-year high on weather, supply concerns

Chicago | Reuters — U.S. cattle futures reached a one-year high on Friday on concerns that cold, snowy weather next week may tighten supplies by slowing weight gain and transportation of livestock. Snowfall is expected to increase across the U.S. Plains, where the temperature outlook also is trending colder, according to weather forecaster Radiant Solutions. […] Read more

U.S. livestock: Cattle futures rally after bullish USDA data

Chicago | Reuters — Chicago Mercantile Exchange cattle futures were higher on Wednesday, extending earlier small gains after government supply reports showed fewer-than-expected U.S. cattle supplies, traders said. U.S. Department of Agriculture monthly Cattle on Feed data showed 11.692 million cattle in U.S. feedlots as of Nov. 1. That figure was three per cent higher […] Read more

U.S. livestock: Feeder cattle extend gains on drop in placements

Chicago | Reuters — U.S. cattle futures rose on Friday, shrugging off earlier declines on technical buying and support from government data showing fewer cattle placed in feedlots during April, traders and analysts said. Relatively thinly traded feeder cattle futures jumped more than one per cent after the U.S. Department of Agriculture released its monthly […] Read more

Drought lands more cattle into U.S. feedlots than expected

Chicago | Reuters — Ranchers sent nearly one per cent more cattle to U.S. feedlots in December than the same time a year earlier, the U.S. Department of Agriculture reported on Friday. The result topped most analysts’ predictions, mainly led by worsening drought in the U.S. southern Plains that shriveled available winter wheat grazing pasture. […] Read more