GFM Network News

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U.S. livestock: Cattle futures extend rally; hog contracts weaken

Chicago | Reuters – Chicago Mercantile Exchange cattle futures rose to their highest in more than seven weeks on Tuesday, with traders noting follow-through buying after the market rallied on Monday. Concerns about supplies and strength in the cash market underpinned cattle futures. CME December live cattle futures settled up 1.925 cents at 131.45 per […] Read more

Marie-Claude Bibeau speaks during a sitting of the House of Commons in May 2020.  Photo: REUTERS/Blair Gable

Bibeau keeps role as federal ag-minister, Canada gets a new environment minister

Canada’s 44th Parliament was sworn in today in a ceremony at Rideau Hall in Ottawa. Prime Minister Justin Trudeau shuffled a number of his ministers from their previous roles, and today’s cabinet shuffle is a result of the federal election held on Sept. 20. Marie Claude-Bibeau maintains her role as federal Minister of Agriculture, a […] Read more

A group of wild boars running in Europe, where the pigs have caused challenges with disease spread. (iStock/Getty Images)

Ontario moves to phase out wild boar farming

Province, feds fund swine fever defense plans

Hoping to improve its odds against African swine fever ever getting a toehold in Canada’s hog herds, Ontario plans to regulate Eurasian wild boar as an invasive species starting in the new year. To that end, the province is making funding available to farmers who actively breed and raise wild boar to “shift to other […] Read more

The Archer Daniels Midland Co. (ADM) logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 3, 2018.
 Photo: REUTERS/Brendan McDermid

ADM profit more than doubles on strong crush margins, vegoil demand

Global grain trader Archer-Daniels-Midland Co said on Tuesday its third-quarter profit more than doubled, as strong oilseed crushing margins and rising vegetable oil demand boosted its core agricultural services and oilseeds unit. The Chicago-based U.S. grains merchant is anticipating the favorable demand and margin environment to continue supporting results in the fourth quarter and foresees […] Read more

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U.S. livestock: CME cattle futures rise on support from fewer cattle placements

Chicago | Reuters – Chicago Mercantile Exchange cattle futures rose on Monday, as the market continued to be bolstered by a government report showing fewer cattle placements than expected, traders said. The USDA’s monthly cattle on feed report, released after the market close on Friday, showed September cattle placements at 97% year-over-year, beneath trade estimates […] Read more

Montecitorio, house of italian parliament, Rome. Italy.  Photo: masterlu/iStock/Getty Images Plus

Italy vetoes sale of seed producer to Chinese-owned Syngenta

Rome | Reuters – Italy has prevented Chinese-owned group Syngenta from buying vegetable seed producer Verisem, government officials said, underscoring Prime Minister Mario Draghi’s commitment to shield key assets from unwanted foreign bids. The decision, made at a cabinet meeting on Oct. 19 but not yet made public, marks the first time Italy has vetoed […] Read more

The Co-op Ethanol Complex at Belle Plaine, Sask. (

Co-op to capture carbon at ethanol plant, refinery

FCL, Whitecap sign agreement to sequester fuel plants' CO2

A major Prairie ethanol and fuel producer is posed to spend just over half a billion dollars on a system to capture and sequester carbon dioxide from its operations in Saskatchewan. Federated Co-operatives announced Thursday it had signed a memo of understanding with Calgary-based ‘clean energy’ company Whitecap Resources, in which the latter company will […] Read more