GFM Network News


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

U.S. livestock: Hog futures rise as pork production estimates cut

Feeder cattle down on rising grain values

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures jumped on Monday as the U.S. Department of Agriculture reduced its domestic pork production estimates for this year and next year. The USDA cut its production estimates because of reduced expectations for commercial hog slaughtering in the second half of the year, according to a […] Read more

MGEX September 2021 wheat (candlesticks) with 20-day moving average (black line), CBOT and K.C. September 2021 wheats (green and yellow lines) and CBOT December 2021 corn (orange line). (Barchart)

U.S. grains: Wheat futures rally after U.S. slashes harvest estimates

Agency raises U.S. corn crop forecast from June

Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures climbed on Monday on lower-than-expected production estimates for domestic crops damaged by searing weather and drought, analysts said. Corn and soybean futures also jumped. The U.S. Department of Agriculture, in a monthly report, slashed its harvest outlook for spring wheat other than durum by 41 per cent from […] Read more


CME August 2021 live cattle (candlesticks) with 100-day moving average (red line) and August 2021 lean hogs (pink open/high/low/close). (Barchart)

U.S. livestock: CME live cattle ease as beef demand cools

CME lean hog futures mostly firm

Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures dropped for a second day, following U.S. boxed beef prices lower as seasonal demand cools. “You’re still seeing boxed beef pull back, which is normal, seasonally,” said Matthew Wiegand, Risk Management Consultant at FuturesOne. “We’re past the Fourth of July — we don’t have a […] Read more

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

U.S. livestock: Live cattle futures, boxed beef prices drop

Average hog weights down on week

Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures approached a four-week low on Wednesday as U.S. beef prices declined. The drop in futures extended a four per cent setback from a contract high that most-active August live cattle reached last month. Prices for beef shipped to wholesale buyers in large boxes have also […] Read more


CBOT November 2021 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)

U.S. grains: Soy futures rebound on declining crop condition

Forecast rain has eased U.S. corn yield fears

Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean futures rose on Wednesday, recouping a portion of heavy losses from a day earlier, as a lower-than-expected U.S. crop rating tempered hopes that rain will improve field conditions. Rains from Friday into next week will offer timely moisture for corn that will be in the key […] Read more

CBOT December 2021 corn (candlesticks) with MGEX, CBOT and K.C. December 2021 wheats (green, yellow and orange lines). (Barchart)

U.S. grains: Corn limit down as crop weather improves

Market retreats from rallies last week

Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn futures sank by the daily limit on Tuesday as forecasts for cooler, wetter U.S. weather eased concerns about unfavourable crop conditions. Prices pulled back after climbing 12 per cent last week on lower-than-anticipated U.S. plantings estimates from the Department of Agriculture. The estimates made the market […] Read more



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

U.S. grains: Corn futures retreat on profit-taking

Corn still up 12 per cent on week; traders adjust positions before July 4 weekend

Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn futures retreated on profit-taking on Friday, while soybean futures extended gains fueled by lower-than-expected U.S. acreage estimates and dry weather in part of the Midwest, traders said. Corn pulled back after surging by the daily, exchange-imposed limit on Wednesday when the U.S. Department of Agriculture shocked […] Read more


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

U.S. livestock: Lean hog futures ease on China demand worries

CME August live cattle down

Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange hog futures weakened in the two most-active contract months on Friday as traders continued to dial in expectations for waning Chinese demand, analysts said. China, the world’s biggest pork consumer, has sought to rebuild its hog herd after it was decimated by an outbreak of the deadly pig […] Read more

CME August 2021 lean hogs (candlesticks) with Bollinger bands (20,2) and August 2021 live cattle (dark red line). (Barchart)

U.S. livestock: Lean hogs retreat from one-week high

CME August live cattle up, feeders lower

Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange lean hog futures ended lower on Wednesday in a retreat from early gains in which the most-active contract topped a one-week high. Traders watched a rally in grain prices that makes it more expensive to feed livestock. Corn and soy futures soared at the Chicago Board of Trade […] Read more