GFM Network News


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

CBOT December 2021 corn (candlesticks) with 20-, 100- and 200-day moving averages (yellow, green and black lines). (Barchart)

U.S. grains: Corn, soy jump despite rising harvest as oil, equities gain

Accelerating harvest amid dry U.S. forecast caps gains

Chicago | Reuters — U.S. corn futures rebounded on Wednesday from four sessions of declines in a technical and fund-buying bounce fueled by rising crude oil and equities markets, more than offsetting seasonal pressure from an accelerating U.S. harvest. Soybean and wheat futures also advanced as global economic jitters eased and the dollar weakened. The […] Read more


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

U.S. livestock: CME live cattle end mixed, hogs lower

Futures under pressure as equity markets slump

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended mixed on Monday as late-session bargain buying only partly offset pressure from adequate cattle supplies and global economic concerns that threatened to blunt demand for beef. “The cattle market can’t seem to catch a break. Boxed beef has been trending down and there are […] Read more

CBOT December 2021 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)

U.S. grains: Corn, soybeans slump with harvest pressure, equities, oil

Favourable weather boosting U.S. corn, soy harvests

Chicago | Reuters — U.S. corn and soybean futures retreated on Monday as harvesting accelerated across the Midwest farm belt and sinking energy and equities prices weighed on market sentiment. Benchmark November soybean futures touched their lowest point in nearly three months, while December corn fell for a third straight session and hit a one-week […] Read more


CME April 2021 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Live cattle slide on end-month profit-taking

Firm pork prices support CME lean hogs

Chicago | Reuters — U.S. live cattle futures closed lower on Friday as traders booked profits at the end of the week and month, and as Wall Street equity markets declined, traders said. Lower-than-expected cash cattle trades added to bearish sentiment. Market-ready cattle traded in the cash market as high as $113/cwt, traders said, up […] Read more

CME February 2021 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Live cattle sag as Wall Street retreats, grain prices rise

Wholesale ham prices supportive for hogs

Chicago | Reuters — U.S. live cattle futures fell more than two per cent on Monday, pressured by ample beef supplies and fund-driven selling as Wall Street equities declined, analysts said. Feeder cattle futures fell even harder, dropping by three per cent as U.S. corn futures rose to almost $5 a bushel for the first […] Read more


CME December 2020 live cattle with Bollinger (20,2) bands. (Barchart)

U.S. livestock: Cattle futures up as Wall Street rallies

COVID-19 worries remain in picture

Chicago | Reuters — U.S. cattle futures ended mostly higher on Monday on spillover support from soaring equities markets, although gains were limited by worries about rising coronavirus infections and likely restaurant closures. News of a second promising COVID-19 vaccine lifted both the S+P 500 and the Dow Jones Industrial Average to record highs on […] Read more

U.S. grains: Corn drops to six-week low

Chicago | Reuters — U.S. corn futures tumbled to the lowest in six weeks on Thursday and soybeans fell for a fourth straight day as forecasts for crop boosting rains across the U.S. Midwest reinforced prospects for bumper crops this year. Technical selling as futures fell below recent lows added pressure, sending some new-crop corn […] Read more


CME August 2020 feeder cattle with 10-, 20- and 100-day moving averages. (Barchart)

U.S. livestock: Cattle, hog futures follow equities higher

August feeder cattle close limit-up

Chicago | Reuters — U.S. cattle and hog futures rallied on Tuesday in tandem with rising stock markets as optimism about developing coronavirus vaccines and the revival of business activity buoyed livestock markets battered by the coronavirus pandemic. Supportive cattle and meat supply data from the U.S. Department of Agriculture late last week showing accelerated […] Read more

CBOT July 2020 soybeans with 20- and 50-day moving averages. (Barchart)

U.S. grains: Soybeans firm on China demand, economic optimism

Equities rally as economies reopen, dollar eases

Chicago | Reuters — U.S. corn futures firmed and soybeans posted their strongest advance in a month on Tuesday as rising equities and energy markets and a weakening U.S. dollar triggered short-covering in commodities battered by the coronavirus pandemic. Wheat followed corn and soy higher but reversed course amid forecasts for crop-boosting rains in rival […] Read more