GFM Network News


U.S. in talks with Huawei exec on resolving criminal charges, source says

'This would be a great way to end this nightmare'

Reuters — U.S. prosecutors are discussing a deal with lawyers for Huawei chief financial officer Meng Wanzhou to resolve criminal charges against her, a person familiar with the matter said, signaling a potential end to a case that has strained ties between the U.S., China and Canada. Negotiations between Meng’s attorneys and the U.S. Justice […] Read more

U.S. pork packer Smithfield offers ultra-cold vaccine storage

COVID-19 vaccines need storage at -20 C, -70 C

Chicago | Reuters — Smithfield Foods, the world’s biggest pork processor, said on Thursday it had offered to help U.S. health officials distribute COVID-19 vaccines and store them in ultra-cold freezers that are in high demand to support a public vaccination campaign. U.S. states, cities and hospitals are scrambling to buy freezers that can safely […] Read more


U.S. livestock: Cattle futures step back on demand uncertainty

February lean hog futures lower

Chicago | Reuters — Live cattle futures trimmed on Thursday as fears of additional pandemic closures weighed on the demand outlook, traders said. Chicago Mercantile Exchange February live cattle futures fell 1.35 cents to 112.575 cents/lb., the contract’s biggest decline in two weeks (all figures US$). CME January feeder cattle ended two cents lower at […] Read more

Peru farm protests grip country, turn deadly

'There are no harvests, there is nothing'

Lima | Reuters — Protests by farm workers demanding better wages in Peru raged on for a fourth day Thursday, spreading north into key agricultural areas of the Andean nation, derailing harvests of some crops, snarling transport of produce and leaving at least one dead. Peruvian interim President Francisco Sagasti called the death of a […] Read more


U.S. grains: Soybeans up one per cent as soyoil climbs

Corn up; wheat declines on global supply outlooks

Chicago | Reuters — U.S. soybean futures rose about one per cent on Thursday, rallying on bargain buying after a two-week low set a day earlier and on uncertainty about South American crop prospects, traders said. Soybeans also drew support from strength in soybean oil futures, which advanced about two per cent on news of […] Read more

Canada’s canola harvest smallest in five years

Wheat crop a bin-buster, StatsCan report finds

Winnipeg | Reuters — Canadian farmers produced the smallest canola crop in five years, but the largest wheat output since 2013, Statistics Canada said in its final harvest estimate of the year. Canola production looked set to reach 18.7 million tonnes, down 4.5 per cent from last year and below trade expectations. It was a […] Read more


U.S. transport regulators reject ’emotional support animal’ status

Service dog status still protected; 'support' goats, turkeys, others up to airlines

Washington | Reuters — Only trained dogs qualify as service animals on U.S. airlines, as regulators rejected requests to extend legal protections to miniature horses, pigs, turkeys and other species, under final U.S. Transportation Department rules issued Wednesday. Airlines can still choose which other species to allow on board, but the rules issued on Wednesday […] Read more

U.S. livestock: Live cattle futures gain on strong cash trade

CME lean hogs down off six-week high

Chicago | Reuetrs — Live cattle futures gained on Wednesday, supported by a firming cash cattle market as traders eye the consumer demand picture. Chicago Mercantile Exchange February live cattle futures added 0.75 cent to settle at 113.925 cents/lb. (all figures US$). Tighter cattle supplies could begin pushing cash markets higher, whittling away at historically […] Read more


U.S. grains: Soy futures sag on improving Brazil weather

CBOT March wheat rallies

Chicago | Reuters — U.S. soybean futures dipped to a 2-1/2 week low on Wednesday as forecasts for much-needed rains in portions of Brazil’s crop area prompted a round of long liquidation and profit-taking, traders said. Wheat futures rose, rebounding on bargain buying a day after the benchmark Chicago Board of Trade (CBOT) March contract […] Read more

Singapore approves sale of lab-grown meat in world first

U.S. maker says cultured meat's clearance may set template for future approvals

Singapore | Reuters — Singapore has given U.S. start-up Eat Just the greenlight to sell its lab-grown chicken meat, in what the firm says is the world’s first regulatory approval for so-called clean meat that does not come from slaughtered animals. The meat, to be sold as nuggets, will be priced at premium chicken prices […] Read more