GFM Network News


CME November 2021 feeder cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)

U.S. livestock: Technical buying, solid beef demand boost CME cattle

Chicago lean hogs continue lower

Chicago | Reuters — Technical buying and solid demand for U.S. beef lifted Chicago Mercantile Exchange live and feeder cattle futures on Wednesday, traders said. The cattle markets continue to rebound from recent losses that were technically overdone, analysts said. Front-month CME October live cattle futures reached its highest price since Sept. 16 at 124 […] Read more

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

U.S. livestock: CME live cattle, feeder cattle extend gains

December hogs touch one-week low

Chicago | Reuters — Chicago Mercantile Exchange feeder cattle and live cattle futures rose on Tuesday amid technical buying, while lean hog futures finished mixed. Both cattle markets have been due to rebound after recent selloffs dragged prices too low at a time when demand is solid, brokers said. Live cattle futures topped a one-week […] Read more


(Photo courtesy Canada Beef Inc.)

Klassen: Feeder market continues consolidation

U.S. corn northbound into Prairies

Compared to last week, western Canadian yearling prices were relatively unchanged while calf markets were down $2-$3 on average. Feedlot inventories in Alberta and Saskatchewan are 30 per cent above the five-year average; therefore, demand is lacking moving into the main marketing period for calves. Finishing feedlots have sufficient ownership and being fairly finicky on […] Read more

CME December 2021 live cattle (candlesticks) with Bollinger bands (20,2). (Barchart)

U.S. livestock: CME cattle futures touch one-week highs

Chicago lean hogs retreat

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures hit one-week highs on Monday on technical buying and short covering, while lean hog futures tumbled, traders said. The gains in cattle came after the market sank to a four-month low on Friday. “This market is technically very oversold,” said Brian Hoops, president of broker […] Read more


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

U.S. livestock: CME cattle futures extend slump

Hogs mixed after strong week

Chicago | Reuters — Chicago Mercantile Exchange (CME) live cattle futures closed lower on Friday, extending their slide for a sixth session on lacklustre cash cattle trade and falling wholesale beef prices, traders said. CME October live cattle futures settled down 0.175 cent on Friday at 120.4 cents/lb. while the benchmark December contract fell 0.525 […] Read more

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

U.S. livestock: CME hog futures rise on sustained buying

Interest tied to bullish USDA report; cattle futures continue lower

Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures closed higher on Thursday on continued buying interest tied to the recent bullish quarterly hog report from the U.S. Department of Agriculture (USDA), traders said. CME October lean hogs settled up 0.8 cent at 91.6 cents/lb., while the most-active December contract rose 1.8 cents […] Read more


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