GFM Network News

CME October 2021 live cattle (candlesticks) with Bollinger bands (20,2). (Barchart)

U.S. livestock: Cattle futures gain

Medium-, long-term supplies tighten

Reading Time: 2 minutes Chicago | Reuters — CME feeder cattle futures firmed on Friday, bolstered by lower corn and wheat markets that may translate into eased feed costs, traders said. CME live cattle also gained and are expected to firm next week as the trade digests the U.S. Department of Agriculture’s monthly cattle on feed report released after […] Read more

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

U.S. livestock: Live cattle up on export demand

CME lean hog futures mixed

Reading Time: < 1 minute Chicago | Reuters — CME cattle futures firmed on Thursday, supported by strong export demand for U.S. supplies, traders said. Hog futures were narrowly mixed, with the nearby contract firm on good weekly exports while deferreds eased on technical selling. CME August lean hog futures gained 0.075 cents to 106.65 cents/lb., while most-active October dipped […] Read more

Ryan Boyd wanted to know, “What if we’re missing our big chance?” As every farmer knows, it might be the toughest question in agriculture, but Boyd refused to shrug if off. He spent months on research, left the farm for weeks at a time, logged thousands of miles, and returned home to not only make substantial improvements, but also to inject more energy and determination than it has seen in over a decade.

The big question

He worked hard, kept his head down, made progress. But more and more, Ryan Boyd was wondering, “What if I’m missing out on my best chances?”

Reading Time: 8 minutes When Ryan Boyd set out on an international tour in 2019, he was looking for ways to both challenge and improve the way he farms near Forrest, Manitoba. Ryan and his wife Sarah, and his parents Joanne and Jim, own South Glanton Farms just north of Brandon, where they grow annual crops and raise a […] Read more

CME October 2021 live cattle (candlesticks) with October 2021 lean hogs (pink line, left column). (Barchart)

U.S. livestock: CME cattle, hog contracts end firm

Reading Time: < 1 minute Chicago | Reuters — CME cattle and hog futures rose on Wednesday, supported by concerns about near-term supplies, traders said. Analysts were expecting a U.S. Agriculture Department report on Friday to show that the number of cattle on feed as of July 1 was 99 per cent of the year-earlier amount. Placements during June were […] Read more

(Valerie Loiseleux/iStock/Getty Images)

‘Time is ticking’ on drought response for beef cattle sector

'We need answers like yesterday'

Reading Time: 3 minutes As Canada’s beef farmers and ranchers face drought, industry leaders are trying to find ways to secure feed and help those forced to sell rebuild their herds. B.C. ranchers are dealing with high temperatures that have “parched the grass that was there,” Kevin Boone, general manager of B.C. Cattlemen’s Association, said during a Canadian Cattlemen’s […] Read more

CME October lean hogs (candlesticks) with 20-day moving average (pink line), CME lean hog index (black line), CME August 2021 lean hogs (brown O/H/L/C) and CME October 2021 live cattle (dark red line). (Barchart)

U.S. livestock: CME lean hogs firm on strong pork demand

October live cattle follow beef prices lower

Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange lean hog futures gained on Tuesday on short-covering and continued firmness in the wholesale pork market, traders said. “August seems like its anchored by what’s going on in the cutout,” said Altin Kalo, economist at Steiner Consulting Group. “They’ve been surprised by the strength in the pork cutout.” […] Read more

(Photo courtesy Canada Beef Inc.)

Klassen: Feeder market stays firm

Reading Time: 2 minutes Compared to last week, western Canadian prices for yearlings weighing 800 lbs. and over were unchanged; however, calves and yearlings in the 600- to 800-lb. category traded steady to $3 higher. The calf market was hard to define due to small groups of various quality. Strength in deferred live cattle futures along with the weaker […] Read more

CME August 2021 feeder cattle (candlesticks) with Bollinger bands (20,2). (Barchart)

U.S. livestock: CME feeder cattle firm on tighter supplies

October hogs down on supply expectations

Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures climbed on Monday, as supplies tightened in the northern U.S. Plains, traders said. “You’ve got a lot of empty yards,” said Scott Varilek, broker at Kooima Kooima Varilek Trading Inc. “We don’t have a lot of large supplies, large runs. You’re going to have to […] Read more

CME October 2021 lean hogs (candlesticks) with Bollinger (20,2) bands. (Barchart)

U.S. livestock: Firm cash markets lift hog futures

Cattle futures extend slide

Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange lean hog futures closed higher on Friday as firm U.S. cash markets and rising pork prices underscored tight hog supplies, analysts said. News of the first confirmed cases of African swine fever in farmed pigs in Germany added support, raising uncertainty about pork export flows. However, exports of […] Read more