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GFM Network News

  • Photo: JHVEPhoto/Getty Images Plus

    U.S. grains: Soybeans retreat after rally, wheat holds at three-month high

    7 hours ago
  • Photo: Lisa Guenther

    Klassen: Feeder market drops sharply

    8 hours ago
  • Dryness, drought likely to persist says forecaster

    8 hours ago
More News →

Beef cattle


CME August 2019 live cattle with Bollinger (20,2) bands, a gauge of market volatility. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hog, cattle futures fall after Trump opens new front in trade war

By GFM Network News May 31, 2019
Chicago | Reuters — Chicago Mercantile Exchange cattle and hog futures fell on Friday, pressured by fears that Mexico, a key importer of both U.S. beef and pork, will retaliate against President Donald Trump’s proposal to impose tariffs on imports from Mexico. The fresh trade concerns, coming at a time when U.S. supplies of both […] Read more

CME August 2019 feeder cattle, with CBOT July 2019 corn (orange line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Futures fall as corn rally boosts feeding costs

By GFM Network News May 30, 2019
Chicago | Reuters — Chicago Mercantile Exchange cattle and hog futures closed mostly lower on Thursday, with a rally in the corn market pressuring livestock contracts, traders said. “It had a lot to do with corn going up,” said Doug Houghton, an analyst with Brock Associates Inc. “Feed costs are higher.” Feeder cattle futures notched […] Read more


(Kat72/iStock/Getty Images)
General, Machinery

Mandatory Saskatchewan farm trucker training planned

By GFM Network News May 29, 2019
The training exemption offered in Saskatchewan for semi truck drivers in agriculture operations is now set to be phased out within two years, the province said Wednesday. The provincial government in late 2018 announced it will require a minimum of 121.5 hours of training before a driver can obtain a Class 1 commercial driver’s licence, […] Read more

CME June 2019 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures firm as cash market steadies

By GFM Network News May 29, 2019
Chicago | Reuters — Chicago Mercantile Exchange cattle futures firmed on Wednesday, supported by a steadying cash market, traders said. Cash cattle traded at $115 in Kansas on Tuesday (all figures US$). That was unchanged from a week earlier and came after five straight weeks of declines, said Rich Nelson, chief strategist with Allendale Inc. […] Read more


Prime Minister Justin Trudeau receives a standing ovation during Question Period in the House of Commons in Ottawa on May 29, 2019. (Photo: Reuters/Chris Wattie)
General, Markets, Reuters

Canada moves to ratify USMCA ahead of Pence visit

By GFM Network News May 29, 2019
Ottawa | Reuters — The Canadian government formally presented draft legislation to ratify the new North American Trade deal to parliament on Wednesday, less than 24 hours ahead of a visit by U.S. Vice-President Mike Pence. Prime Minister Justin Trudeau presented the bill to the House of Commons, confirming a Reuters story from Tuesday that […] Read more

(Country Guide file photo)
General, Machinery, Markets

Canada’s realized net farm income way down in 2018

By GFM Network News May 28, 2019
Stagnant farm cash receipts against significant increases in feed, fuel and interest costs have led to Canada’s biggest decline in realized net farm income in over a decade. That’s according to Statistics Canada, which on Tuesday released full-year farm income data for 2018, pegging realized net farm income for the year at $3.9 billion, down […] Read more


CME June 2019 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hog futures fall with demand uncertain due to trade fights

By GFM Network News May 28, 2019
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell 2.9 per cent to their lowest level in nearly three weeks on Tuesday, with concerns about demand from top buyers in focus amid a record-large supply in the U.S., traders said. The market shrugged off a U.S. Agriculture Department report from last week that […] Read more

(GFM photo)
Crops

Federal ‘Product of Canada’ food guidelines under review

By Glacier FarmMedia staff, GFM Network News May 28, 2019
Food processors wanting to make “Product of Canada” or “Made in Canada” label claims for their wares might not have to be as strict on their use of Canadian ingredients, under proposed changes to labelling guidelines. The Canadian Food Inspection Agency on Monday announced public consultations and a public comment period, to run until June […] Read more


(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Rising feed grains weigh on feeder market

By Jerry Klassen, GFM Network News May 28, 2019
Compared to the previous week, western Canadian feeder cattle markets traded steady to $3 lower over the past week. In some cases, calves were down $4 to as much as $6. Rising feed grain costs weighed on the overall feeder complex. Feed barley in southern Alberta traded in the range of $265-$275 per tonne delivered, […] Read more

Foreign Minister Chrystia Freeland speaks with Prime Minister Justin Trudeau after her arrival at the Stelco steel plant in Hamilton on May 17, 2019, following news that the U.S. agreed to lift tariffs on Canadian steel and aluminum. (PMO photo by Adam Scotti)
General, Machinery, Markets, Reuters

Canada takes first step on ratifying USMCA trade deal

By GFM Network News May 27, 2019
Ottawa | Reuters — Canada took a first step toward ratifying the new North American trade agreement on Monday just three days ahead of U.S. Vice-President Mike Pence’s trip to Ottawa to discuss the passage of the treaty. Foreign Minister Chrystia Freeland presented what’s known as a ways and means motion to the House of […] Read more


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