GFM Network News


U.S. livestock: Lean hogs up on new swine fever outbreak in China

April live cattle down, feeders up

Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange lean hog futures jumped on Wednesday as China reported a new outbreak of a deadly pig disease, raising expectations that Chinese importers could increase U.S. purchases. China’s farm ministry confirmed African swine fever in piglets being illegally transported through Funing county in the southwestern province of Yunnan. The […] Read more

Second activist investor buys into Elanco

Reading Time: < 1 minute Reuters — Hedge fund Starboard Value LP has taken a stake in Elanco Animal Health and nominated three directors to the animal healthcare company’s board, the Wall Street Journal reported Wednesday, citing people familiar with the matter. The WSJ report did not mention the size of Starboard’s stake in Elanco, which makes treatments for pets […] Read more


U.S. grains: Soy futures consolidate after gains

Excess rain in Brazil underpins soy, corn futures

Reading Time: 2 minutes Chicago | Reuters — U.S. grain and soybean futures fell on Wednesday as the markets consolidated after rallying in the previous session. Strength in the U.S. dollar weighed on prices, analysts said, because a firm dollar makes U.S. farm products less attractive to importers (all figures US$). For soybeans, there was a “lack of fresh […] Read more

U.S. grains: Soy, corn up on unfavourable South American weather

USDA lowers ratings for Kansas, Texas wheat crops

Reading Time: 2 minutes Chicago | Reuters — U.S. grain and soybean futures rose on Tuesday in a turnaround from losses the previous session, as concerns increased about unfavorable weather in crop-growing regions of South America. Traders are watching the effects of heat and dryness in Argentina and rains in Brazil amid worries about potential yield losses. The countries […] Read more


U.S. livestock: Lean hogs down off recent gains

April live cattle end up off five-week low

Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange lean hog futures dropped 2.7 per cent on Tuesday as the market retreated from recent surges. Profit-taking has weighed on prices since most-active April hog futures reached a life-of-contract high on Thursday. Still, traders said robust Chinese demand for pork imports is underpinning the futures market. Traders are […] Read more

U.S. livestock: Live cattle hit five-week low

Technical selling, weaker beef prices bring pressure

Reading Time: 2 minutes Chicago | Reuters — Technical selling on Monday drove Chicago Mercantile Exchange live cattle futures to their lowest prices in more than five weeks, while lean hog futures recovered from a sell-off. The cattle market’s losses brought the most-active April contract down six per cent from a life-of-contract high reached on Feb. 16. Strong domestic […] Read more


U.S. grains: Corn, soy, wheat futures ease in setback from surges

Sovecon raises Russian wheat export forecast

Reading Time: 2 minutes Chicago | Reuters — U.S. grain and soybean futures eased on Monday in a setback from rallies driven by concerns about tight crop supplies. The markets will likely not decline too sharply, traders said, because of strong demand from China and the need for large global harvests. In corn, speculative bullishness in corn remains near […] Read more

Spanish report calls for cull of over 850 cattle on pariah ship

Cattle were bound for Turkey but turned away over bluetongue fears

Reading Time: 2 minutes Cartagena | Reuters — More than 850 cows that spent months aboard a ship wandering across the Mediterranean are not fit for transport anymore and should be killed, according to a confidential report by Spanish government veterinarians seen by Reuters. The cows were kept in what an animal rights activist called “hellish” conditions on the […] Read more


Risk of human spread of H5N8 bird flu deemed low

Seven people infected but asymptomatic, WHO says

Reading Time: < 1 minute Geneva | Reuters — The risk of human-to-human spread of the H5N8 strain of bird flu appears low after it was identified for the first time worldwide in farm workers in Russia, the World Health Organization (WHO) said on Friday. A separate influenza strain, H1N1, that emerged from pigs and spread rapidly worldwide among humans […] Read more

U.S. grains: Profit taking pressures wheat, corn, soybeans

Warmer spell also drags on winter wheat futures

Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures slid 2.8 per cent on Friday, their second straight day of declines, on a profit-taking setback as warming weather in the U.S. reduced the threat of damage to the dormant crop, traders said. Corn and soybean futures also were weaker but closed well above session […] Read more