GFM Network News

U.S. livestock: Hog futures limit up on pork export optimism

CME live cattle follow lean hogs higher

Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures closed up their daily limit on Thursday as confirmation of a case of African swine fever in a wild boar in Germany fueled expectations that pork importers would turn to the United States for supplies, traders said. Firming cash hog values and rising wholesale pork prices added […] Read more

Swine fever found in Germany putting pork exports at risk

Country had been fencing off borders against wild boar

Reading Time: 2 minutes Berlin/Hamburg | Reuters — Germany confirmed on Thursday that African swine fever (ASF) had been found in a dead wild boar near its border with Poland, threatening pork exports to China from Europe’s biggest pork producer, which were worth US$1.2 billion last year. Authorities in the German state of Brandenburg quarantined a 15-km area around […] Read more

U.S. livestock: Hog futures rise as cash values firm

Live cattle follow cash cattle, beef prices lower

Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures rose on Wednesday, reaching a four-month high on firming cash hog prices, optimism about pork demand and technical buying, analysts said. The Chicago Mercantile Exchange October lean hog futures contract settled above its 200-day moving average, rising 1.475 cents to end at 61.375 cents/lb. after reaching 61.725 […] Read more

Germany reports first suspected case of African swine fever

German producers currently exporting pork to China

Reading Time: 2 minutes Berlin | Reuters — Germany’s ministry of food and agriculture said on Wednesday it had a suspected case of African swine fever (ASF) in a wild boar in the eastern state of Brandenburg. The suspected case concerned a wild boar carcass found near the German-Polish border. A sample of the carcass was being taken for […] Read more

U.S. rolls back inspection rules for egg products

New rule to affect 83 U.S. facilities

Reading Time: 2 minutes Chicago | Reuters — The Trump administration said Wednesday it will stop requiring U.S. plants that produce egg products to have full-time government inspectors, in the first update of inspection methods in 50 years. Under a new rule that takes effect immediately, the U.S. Department of Agriculture will allow companies such as Cargill and Sonstegard […] Read more

U.S. livestock: Cattle futures rise on expectations of firm cash values

Hog market appears technically overbought

Reading Time: < 1 minute Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange closed higher on Tuesday on expectations of firmer cash prices as supplies of market-ready cattle tighten, following a drop this past spring in the number of cattle placed in feedlots, traders said. “Packer margins are huge; they are still over $350 a head. […] Read more

Klassen: Yearling markets mixed

Reading Time: 2 minutes Compared to last week, yearling prices for western Canadian were down $2-$5 on average with the exception of southern Alberta where prices were relatively unchanged. Major feedlots in the Lethbridge area focused on local cattle which contributed to the firmer tone. Outside of Feedlot Alley, weakness in the deferred live cattle futures had buyers on […] Read more

Montreal’s veterinary college to study eastward expansion

Province backs feasibility study for Rimouski-based program

Reading Time: 3 minutes With a eye on expanding livestock veterinary services in the Lower St-Lawrence and Gaspesie, the Quebec government is backing a feasibility study to bring veterinary studies to the region. The province on Thursday announced assistance of $627,946 for 2019-20 for a feasibility study making a business case to offer the Universite de Montreal’s veterinary medicine […] Read more

U.S. livestock: Hog futures hit four-month high on export hopes

Post-Labour Day beef demand in doubt

Reading Time: 2 minutes Chicago | Reuters — Strong export demand for U.S. pork pushed Chicago Mercantile Exchange lean hog futures to a four-month high on Friday. Traders are optimistic China, the world’s biggest pork consumer, will remain a strong buyer, after the U.S. Department of Agriculture reported strong weekly export sales on Thursday. Chinese importers have been bringing […] Read more

U.S. livestock: Hogs hit four-month high on strong export sales

CME cattle lower on demand uncertainty

Reading Time: 2 minutes Chicago | Reuters — U.S lean hog futures jumped to a four-month high on Thursday on strong export demand and short covering, while cattle futures weakened. The U.S. Department of Agriculture reported net U.S. pork export sales of 53,646 tonnes for the week ended Aug. 27, up 36 per cent from the previous week. China, […] Read more