GFM Network News


U.S. livestock: Live cattle futures ease, demand picture foggy

Hogs up on firmer cash, pork prices

Reading Time: < 1 minute Chicago | Reuters — U.S. live cattle futures fell again Thursday, the fourth consecutive step back after reaching a high not seen since early March. “The rally last week was kind of counter-seasonal. You typically don’t rally the cattle in late July, early August, in the dog days of summer,” said Jeff French, an analyst […] Read more

U.S. livestock: Live cattle continue lower on unclear outlook

'Hard hill to climb' expected for lean hogs

Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures closed lower on Wednesday as uncertainty about demand lingers, while dry conditions in the U.S. West have analysts worried about an influx of market-ready cattle in the coming weeks. “You look at pasture range and it is deteriorating very quickly,” said Ted Seifried, chief ag market strategist […] Read more


Argentina says hit by second locust swarm, farmers on alert

Reading Time: < 1 minute Buenos Aires | Reuters — Grains powerhouse Argentina is getting hit by a second swarm of locusts arriving from neighbouring Paraguay, Argentina’s Senasa agricultural health inspection agency said on Tuesday, putting farmers on notice about possible crop damage. The new swarm is concentrated in the province of Formosa in north-east Argentina, on the Paraguay border. […] Read more

U.S. livestock: Live cattle pull back on demand uncertainty

CME lean hogs strengthen

Reading Time: < 1 minute Chicago | Reuters — U.S. live cattle futures closed lower on Tuesday for a second consecutive session after key contracts reached more-than-four-month highs last week as processors continued to cut into a surplus of market-ready cattle, traders said. Concerns about a piecemeal economic reopening as coronavirus cases flare up across the United States have traders […] Read more


U.S. livestock: Live cattle backslide amid cautious slaughter improvements

Lean hogs down on supply backlog

Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures closed lower on Monday, pulling back after a rally last week on signs that meatpackers may be working through backlogs of market-ready cattle, traders said. Although slaughter rates have returned to pre-coronavirus levels, cattle remain heavier after backing up in feedlots when processing plants closed this spring […] Read more

U.S. livestock: Live cattle end steady to firmer

Lean hogs dip after weekly advances

Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures closed steady to firm on Friday, stabilizing after a two-session rally attributed to speculative buying and signs that meat packers may have worked through much of a backlog of market-ready cattle, traders said. Chicago Mercantile Exchange (CME) August live cattle futures settled unchanged at 103.275 cents/lb. and […] Read more


U.S. livestock: Cattle futures hit four-month top

Lean hogs up on export news

Reading Time: 2 minutes Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange (CME) rose on Thursday to four-month highs as steady to firmer cash cattle prices signaled that meat packers may have largely worked through a backlog of market-ready cattle that built up this spring, traders said. CME August live cattle futures settled up 1.975 […] Read more

U.S. livestock: Live cattle up with cash values, technical buying

CME lean hog contracts mixed

Reading Time: < 1 minute Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange (CME) closed higher on Wednesday, led by the nearby August contract on signs of firmer cash cattle prices and technical buying, traders said. Market-ready cattle traded in the cash market at $95-$97/cwt in the southern Plains, the U.S. Department of Agriculture reported, after […] Read more


Elanco Animal Health wins U.S. approval to buy Bayer unit

Elanco to shed cattle pour-on brand, others for approval

Reading Time: < 1 minute Washington | Reuters — Elanco Animal Health has won U.S. antitrust approval to buy Bayer’s animal health business on condition that it sell assets to treat three ailments, two in dogs and one in cattle, the Federal Trade Commission said on Wednesday. The deal was valued at $7.6 billion when it was announced in August […] Read more

China reports lumpy skin disease outbreaks in cattle

Reading Time: < 1 minute Beijing | Reuters — China is facing outbreaks of a debilitating virus in cattle that causes a condition called lumpy skin disease, following an incident on a farm in the eastern province of Zhejiang this week, the agriculture ministry said on Wednesday. On its website, the ministry of agriculture and rural affairs said five cases […] Read more