GFM Network News


Klassen: Steady demand supports feeder cattle prices

Reading Time: 2 minutes Compared to last week, western Canadian yearling prices were unchanged while calves were steady to $2 higher on average. Auction barns received larger supplies of backgrounded cattle and there was a fair amount of direct trade of yearlings off farm. Larger supplies of heavier-weight feeders appeared to limit the upside but there was no slippage. […] Read more

Canada’s year-end cattle herd continues shrinking

Slaughter beat pre-pandemic pace in second half, StatsCan says

Reading Time: 2 minutes Year-over-year contraction continued for Canada’s cattle herd at the start of 2021, while newborn piglet counts kept Canada’s hog herd on the rise during the same period, according to Statistics Canada. StatsCan on Monday reported 11.2 million cattle on Canadian farms at Jan, 1, 2021 — down one per cent from the year-earlier date and […] 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

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


U.S. livestock: Hog futures drop on end-of-month profit taking

Live cattle book biggest one-day drop since November

Reading Time: < 1 minute Chicago | Reuters — U.S. hog futures dropped 2.9 per cent on Friday, with traders locking in profits from the rally on the last session of February. The loss, which pulled the market from the nearly two-year high hit on Thursday, was the biggest for hogs in percentage terms since Nov. 19. It snapped a […] Read more

U.S. livestock: Hogs firm on follow-through buying, cash strength

U.S. beef export sales down on week

Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live hog futures rose for the fourth day in a row on Thursday, hitting its highest since May 2019 on follow-through buying after rising the daily trading limit on Wednesday, traders said. Strength in the cash market also supported hog prices but the market closed off its high […] Read more


U.S. livestock: Hog futures limit-up to highest since May 2019

Cattle futures bounce on bargain buying

Reading Time: < 1 minute Chicago | Reuters — U.S. lean hog futures rose their daily limit on Wednesday, hitting their highest in nearly two years on tight frozen stocks and expectations for strong Chinese demand, traders said. The U.S. Agriculture Department’s cold storage report issued on Tuesday afternoon fueled buying on Wednesday. “Belly and trim stocks are at four-year […] Read more

U.S. livestock: Hog futures rise to highest since July 2019

April cattle dip to below 30-day moving average

Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live hog futures rose to their highest since July 2019 on Tuesday, underpinned by strong demand. Cattle futures weakened for the fourth time in five days, with the most-active April live cattle contract sinking to a one-month low as activity at meat processors picked up with improving weather […] Read more


U.S. livestock: Live cattle futures fall as supplies seen rising

April lean hogs up from Friday

Reading Time: < 1 minute Chicago | Reuters — U.S. live cattle futures fell on Monday, pressured by expectations of rising supplies as improving weather conditions in the southern U.S. Plains will allow meat processors to increase their slaughter, traders said. A deep freeze last week across Texas and the southern U.S. Plains caused power failures that shut down meat […] Read more

U.S. livestock: Live cattle end week lower

Hogs down on Olymel's plan to ship Canadian hogs south

Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures rose on Friday, but failed to end the week higher as a cold snap across the U.S. Plains and into Texas hampered slaughterhouses and backed up cattle, traders said. “There’s still a big mess,” said Dennis Smith, commodity broker at Archer Financial. “The good news is, the […] Read more