GFM Network News


U.S. livestock: Cattle futures jump in end-of-month, -quarter rebound

Lean hog futures up in most months

Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures rallied by as much as the daily three-cent trading limit on Tuesday in an end-of-month and end-of-quarter profit-taking bounce following a steep drop fueled by concerns about the fast-spreading coronavirus and its economic impact. The recent dive in prices as governments imposed stay-at-home orders and restrictions on […] Read more

U.S. grains: Corn slumps as ethanol makers feel coronavirus constraints

Market awaits USDA plantings, quarterly stocks data

Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell more than one per cent on Monday on slowing grain demand from ethanol makers, as tightening coronavirus pandemic travel restrictions limited demand for the biofuel. Soybeans ended mixed, with nearby contracts lifted by firm soymeal prices and concerns coronavirus restrictions may impede South American soy shipments. Wheat […] Read more


U.S. livestock: April hogs limit down, cattle ease

Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures on Monday sank by an expanded daily limit and cattle futures weakened on increased concerns that slaughterhouses will close due to the spread of the COVID-19 coronavirus. Traders worry that shutdowns could back up supplies of livestock by removing markets for the animals. Canada’s largest hog producer, […] Read more

U.S. grains: Wheat firm on Russia export quota plan

Chicago corn ends lower

Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose on Friday on optimism about export prospects as a Russian plan to cap grain exports for the rest of the season shifted attention back to potential supply tensions during the coronavirus pandemic. However, futures pared gains on profit-taking ahead of the weekend and worries that the rally […] Read more


U.S. livestock: Hog, cattle futures dive as volatile trade continues

Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures tumbled on Friday, with several contracts falling the expanded daily limit of 4.5 U.S. cents/lb. on worries about a slowdown in demand for pork and fears that the coronavirus could shutter slaughterhouses, potentially backing up hog supplies, traders said. Chicago Mercantile Exchange June lean hog futures settled […] Read more

U.S. grains: Wheat retreats from two-month peak

Corn rallies to end firm

Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell on Thursday, retreating from a two-month high set the previous session, as traders booked profits and awaited developments in the coronavirus crisis that had sparked the recent run-up in wheat markets. Soybean futures also declined but corn rallied late in the session to eke out a modest […] Read more


U.S. livestock: Hogs limit down as grocery panic eases

Widespread layoffs raise concern over beef demand

Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures fell their daily three-cent limit on Thursday on signs that a consumer meat-buying frenzy has cooled, allowing traders to re-focus on plentiful U.S. hog and pork supplies, traders said. The benchmark June lean hog futures contract on the Chicago Mercantile Exchange settled down three cents at 68.75 […] Read more

U.S. grains: Wheat climbs on global demand for bread

Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures surged on Wednesday, with the May contract on the Chicago Board of Trade hitting a two-month high on a mix of technical buying and global demand for bread as the coronavirus prompts consumer stockpiling, analysts said. Corn futures closed modestly higher while soybean futures turned lower. CBOT May […] Read more


U.S. livestock: Cattle futures end mostly lower

Hogs also ease as rally pauses

Reading Time: 2 minutes Chicago | Reuters — Benchmark June live cattle futures on the Chicago Mercantile Exchange closed lower on Wednesday for the first time in five sessions as the market paused after a sharp rally driven by soaring retail beef prices. Wholesale beef prices jumped and packer profit margins skyrocketed this week as the COVID-19 coronavirus pandemic […] Read more

U.S. livestock: Cattle limit up on beef demand, strong packer margins

Cash hog prices up, pork cutout down

Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures settled up their expanded daily limit on Tuesday as traders continued to react to soaring profit margins for beef packers that should lift prices in the cash cattle market this week. Retail demand for meat has surged as fears of the COVID-19 coronavirus prompt consumers to stock […] Read more