GFM Network News




U.S. senators seek probe of JBS

Reading Time: 2 minutes Brasilia | Reuters — Two U.S. senators called on the U.S. Treasury on Tuesday to open an investigation into the world’s largest meat processing company, Brazil’s JBS S.A. , due to alleged ties with the Venezuelan government of leftist President Nicolas Maduro. President Donald Trump’s government has imposed sanctions on dozens of top Venezuelan officials […] Read more

U.S. livestock: CME lean hogs recover on bargain buying, trade hopes

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rallied on Tuesday in a technical and bargain-buying rebound from one-month lows amid hopes that China would step up U.S. pork imports as the country’s domestic pork prices have soared. The hog herd in China, the world’s largest pork market, has been decimated by African […] Read more


Klassen: Adverse weather tempers feeder market

Reading Time: 2 minutes Compared to last week, western Canadian feeder cattle markets traded $3-$5 lower. Excessive snow in Alberta and ongoing rains across Manitoba and Saskatchewan set a negative tone. The market appeared to incorporate a risk discount, although many auction barns had limited numbers on offer. Buyers once again focused on local cattle and avoided transportation over […] Read more

U.S. livestock: CME hogs limit down on U.S.-China trade jitters

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange hog futures fell their daily limit on Monday, declining for a fifth straight session as an aggressive slaughter pace and uncertainty about this week’s U.S. trade talks with China overshadowed rising pork cut-out values, traders said. The selloff came as U.S. and Chinese deputy trade negotiators launched a […] Read more


Agropur to shut Montreal-area ice cream plant

Reading Time: 1 minute A Quebec ice cream processing plant absorbed in 2017 by Canada’s biggest dairy co-operative will shut its doors in about 10 months’ time. Agropur Co-operative announced Friday it plans to close the former Les Aliments Lebel plant at Lachute, Que., just northwest of Montreal, in August 2020 and transfer the plant’s operations to other Agropur […] Read more

JBS USA to produce pork without ractopamine

Reading Time: 2 minutes Chicago | Reuters — JBS USA will remove a growth drug banned by Beijing from its U.S. hog supply, the company said on Friday, accelerating the competition for pork exports as China grapples with a devastating pig disease. The meat packer’s move away from the drug ractopamine, a feed additive, shows how companies are maneuvering […] Read more


U.S. meat industry sues California for animal protection ‘overreach’

Reading Time: 2 minutes Reuters — California was sued on Friday by the largest U.S. trade group for meat packers and processors, which wants to block enforcement of a voter-approved measure requiring farmers to provide more space for animals being raised for food. The North American Meat Institute, whose members include processors such as Tyson Foods and retailers including […] Read more

U.S. livestock: Hogs extend losing streak

Reading Time: 1 minute Chicago | Reuters — U.S. hog futures fell for the fourth day in a row on Friday, extending a losing streak that pulled prices off a two-week high hit on Monday. Traders said gains in the futures earlier in the week outpaced cash market strength and the spread between the two markets needed correcting. Cattle […] Read more