GFM Network News


A cornfield in Mexico’s Chihuahua state. (Undefined undefined/iStock/Getty Images)

Mexico won’t limit GMO corn imports from U.S., ag minister says

Reading Time: < 1 minute Ankeny, Iowa | Reuters — Mexico’s agriculture minister said the country would not limit imports of genetically modified (GMO) corn from the United States during a meeting with U.S. Agriculture Secretary Tom Vilsack in Iowa on Wednesday. Mexico published an executive order late last year that sought to ban in three years the use of […] Read more

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

U.S. livestock: CME hogs near three-week low amid ample supply

Chicago cattle futures also lower

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell to their lowest prices in about three weeks on Wednesday amid pressure from plentiful supplies, analysts said. Live cattle and feeder cattle futures also finished lower at CME. Hog supplies tend to increase in the autumn, pushing more pork on the market and weighing […] Read more


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

U.S. livestock: CME live cattle down on raised beef production forecasts

Pork supply expectations drag on CME December hogs

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended lower on Tuesday, after the U.S. Department of Agriculture slightly increased its forecasts for beef production this year and next year. USDA, in a monthly report, raised its 2021 estimate by 0.3 per cent from September because of higher cow slaughtering and heavier average […] Read more

(Dave Bedard photo)

U.S. considers faster hog slaughter paces based on staffing

Faster speeds seen as increasing injuries

Reading Time: 2 minutes Chicago | Reuters — The Biden administration is considering a proposal that could allow some pork plants to slaughter pigs more quickly if they boost staffing, a union official said, after a U.S. court struck down a Trump-era rule that removed line speed limits. The proposal put forward by Quality Pork Processors, operator of a […] Read more


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

U.S. livestock: Profit-taking knocks feeder cattle off high

CME lean hogs seen consolidating

Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures ended lower on Friday as profit-taking pressured the market after prices set a one-month high, traders said. The setback came after the most-active November contract had rallied more than six per cent from a four-month low set on Sept. 30. The contract ended down 0.45 […] Read more

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

Reading Time: 2 minutes 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

Reading Time: < 1 minute 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

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

Reading Time: < 1 minute 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


File photo of hogs on a farm in the Dominican Republic. (RD-SunPhotography/iStock/Getty Images)

U.S. puts up funds to prevent African swine fever

Haiti, Dominican Republic now 'countries of concern' on CFIA list

Reading Time: 2 minutes Chicago | Reuters — The U.S. Department of Agriculture on Wednesday pledged up to US$500 million to prevent the spread of the fatal pig virus African swine fever, after Haiti and the Dominican Republic recently confirmed outbreaks. A U.S. outbreak would likely slash U.S. pork exports and pig prices, hurting farmers and meat companies such […] Read more

(Viktorcvetkovic/E+/Getty Images)

Minnesota grain handler targeted in ransomware attack

Company instead issuing handwritten tickets for grain deliveries

Reading Time: 2 minutes Chicago | Reuters — Minnesota agricultural co-operative Crystal Valley said it had been targeted in a ransomware attack in recent days, making it the second Midwestern farm-services provider in a week to be forced to take systems offline due to cybersecurity incidents. Crystal Valley, which sells supplies like fertilizer to farmers and buys their crops, […] Read more