GFM Network News


CME October 2021 lean hogs (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)

U.S. livestock: CME hog futures pause after rally

Cattle futures end lower

Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures closed mixed on Wednesday as the market paused following a surge tied to last week’s bullish quarterly hog report from the U.S. Department of Agriculture (USDA), traders said. CME October lean hogs settled down 0.875 cent at 90.8 cents/lb. while the most-active December contract […] Read more



CME December 2021 lean hogs (candlesticks) with Bollinger bands (20,2). (Barchart)

U.S. livestock: CME hog futures extend rally on USDA data

Feeder cattle up on bargain-buying

Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures rose on Tuesday for a fourth straight session as traders continued to digest Friday’s U.S. government report that signaled tighter hog supplies into 2022, analysts said. CME October lean hogs settled up 1.425 cents at 91.675 cents/lb. and the benchmark December contract rose 2.025 […] Read more



With pastures in some drought affected areas shrivelling up to almost bare ground, feeding cattle is a real challenge.

Finding affordable cow feed to support body condition

Chances are that pastures have just run out, so what do you feed cattle heading into winter?

Quantity and quality of forage at the end of this summer for beef cows is short. So, where burnt pastures can no longer support the average beef cowherd, whatever forage is on hand with the right supplements might be turned into a sufficient autumn feeding program until winter.  The goal of any good fall feeding […] Read more



CME December 2021 lean hogs (candlesticks) with 20-, 50- and 100-day moving averages (pink, red and black lines). (Barchart)

U.S. livestock: CME hogs surge on bullish USDA data

Chicago cattle futures sag

Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures soared on Monday, with the most-active December contract rising its daily limit after a quarterly U.S. Department of Agriculture report showed a smaller-than-expected U.S. hog herd. CME October lean hogs settled up 2.975 cents at 90.25 cents/lb., and the December contract rose its daily […] Read more

CME October 2021 lean hogs (candlesticks) with Bollinger bands (20,2). (Barchart)

U.S. livestock: CME hogs rise, live cattle slip ahead of USDA reports

Cattle on feed top trade estimates

Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures climbed on Friday, largely supported by positioning ahead of a key hog inventory report issued by the U.S. Department of Agriculture (USDA) after the close, analysts said. Higher cash pork prices and the still-wide discount of futures to cash hog prices were also supportive. […] Read more


The U.S. calf crop has been shrinking since 2018.

It’s a bullish market for feeder cattle

Market Update: This is a good time to buy bred heifers or cow-calf pairs

I’ve received many inquiries from cow-calf producers and backgrounding operators regarding the price outlook for feeder cattle. As of early September, tan steers coming straight off grass averaging 920 pounds were quoted at $199 in southern Alberta; Angus-based heifers weighing 850 pounds were valued at $187. Yearling prices have been hovering at 52-week highs over the […] Read more