GFM Network News


CME July 2021 lean hogs (candlesticks) with June 2021 lean hogs (pink line), June 2021 live cattle (dark red line) and August 2021 live cattle (black line). (Barchart)

U.S. livestock: Lean hogs end mostly higher

Cattle futures advance

Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures were mostly higher on Thursday on elevated pork prices and strong demand, although profit-taking clipped some of the gains, traders said. Lightly traded June hog futures climbed to the highest for a spot month contract in nearly seven years. More actively traded nearby contracts […] Read more

CME July 2021 lean hogs (candlesticks) with 10- and 50-day moving averages (pink and black lines) and June 2021 lean hogs (dark red line). (Barchart)

U.S. livestock: Front-month hogs hit seven-year high in thin trade

August live cattle up, feeders lower

Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures ended mixed on Wednesday, with the thinly traded June contract rising to a seven-year high as strong domestic demand continues to underpin prices even as export prospects wane, traders said. The most-active hog futures contract eased on profit-taking but remained near the peak it […] Read more


A Western blot analysis, used to detect specific proteins in tissue samples, is used to confirm BSE in cattle. (Peggy Greb photo courtesy ARS/USDA)

OIE ruling turns page on BSE in Canada

Canada's BSE status upgraded to 'negligible risk'

The international body overseeing countries’ animal disease control measures has assigned Canada the lowest level of risk for bovine spongiform encephalopathy (BSE) — a move which stands to help clear away lingering trade barriers against Canadian beef. The World Organization for Animal Health (OIE) on Thursday announced it has delivered “negligible risk” status for BSE […] Read more

File photo of a steak sandwich with chimichurri sauce at a street food market in Buenos Aires. (Aleksandr_Vorobev/iStock/Getty Images)

Tensions build over Argentina’s beef export ban

Rural associations pledge pause in livestock trading

Buenos Aires | Reuters — Argentine farm groups will halt trading of livestock in protest against a 30-day government ban on beef exports aimed at bringing down domestic prices, the country’s main producer groups said in a joint statement Tuesday. The South American country’s centre-left Peronist government unveiled the ’emergency measure’ to tamp down high […] Read more


CBOT July 2021 corn with Bollinger (20,2) bands. (Barchart)

U.S. grains: Corn up on another sale to China

CBOT wheat, soybeans fall

Chicago | Reuters — U.S. corn futures rose for the second day in a row on Tuesday, supported by strong export demand as well as concerns that forecasts for dry weather in parts of the U.S. could stress the recently seeded crop, traders said. Wheat and soybean futures weakened on a technical setback after failing […] Read more



CME June 2021 live cattle (candlesticks) with June 2021 lean hogs (dark red line). (Barchart)

U.S. livestock: Cattle, hog futures rise with wholesale meat prices

Easing restrictions prompt more dining out

Chicago | Reuters — Chicago Mercantile Exchange lean hog and live cattle futures climbed on Thursday as U.S. wholesale prices increased. Pork and beef are in high demand in supermarkets and restaurants as the distribution of federal stimulus checks has prompted consumers to spend more on food, analysts said. COVID-19 vaccinations and easing restrictions on […] Read more

Barley south of Ethelton, Sask. on July 30, 2019. (Dave Bedard photo)

Feed weekly outlook: Solid exports support domestic barley market

MarketsFarm — Canada has already exported more barley through the first two-thirds of the 2020-21 marketing year than in any full crop year in over a decade. That solid export pace is keeping domestic prices well supported, with an increase in seeded area in 2021-22 expected. Export data from the Canadian Grain Commission through March […] Read more


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

U.S. livestock: Live cattle gain on grain market uncertainty

Lean hogs down with cash market

Chicago | Reuters — U.S. live cattle futures gained on Thursday, as mixed grain trade offered some relief for feed costs, while strong beef demand continued to support prices, traders said. CME’s June live cattle futures added 0.6 cent to 116.05 cents/lb., while August feeder cattle futures gained 0.975 cents to close at 149.875 cents/lb. […] Read more

(JBSFoodCanada.ca)

JBS profit bolstered by weak currency, strong Chinese and U.S. markets

China became third largest beef export market for JBS Canada, company says

Sao Paulo | Reuters — Meat processor JBS SA’s fourth-quarter profit rose 65 per cent from a year earlier, boosted by strong food sales in China and the U.S. and a sharp devaluation of Brazil’s real currency, the company said in a securities filing on Wednesday. For full-year 2020 its profit was 4.6 billion reais, […] Read more