GFM Network News


U.S. livestock: Live cattle climb on hopes for higher cash trade

Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures closed modestly higher on Wednesday, extending a five-week rally tied to expectations of strong prices this week for cattle in the cash market, traders said. “Cash is $1-$2 higher every week, better than what people anticipated,” said Scott Varilek, a broker at Kooima and Kaemingk Commodities Inc. […] Read more



U.S. livestock: Live cattle futures climb, led by firm cash trade

Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures rose more than one per cent on Monday, with the benchmark December contract touching a 2-1/2-month top after cash cattle traded late last week about US$2/cwt higher than the previous week, traders said. The five-area average price for cash cattle last week was just above $109/cwt, according […] Read more



U.S. livestock: CME lean hogs recover on bargain buying, trade hopes

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rallied on Tuesday in a technical and bargain-buying rebound from one-month lows amid hopes that China would step up U.S. pork imports as the country’s domestic pork prices have soared. The hog herd in China, the world’s largest pork market, has been decimated by African […] Read more

U.S. livestock: CME hogs limit down on U.S.-China trade jitters

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange hog futures fell their daily limit on Monday, declining for a fifth straight session as an aggressive slaughter pace and uncertainty about this week’s U.S. trade talks with China overshadowed rising pork cut-out values, traders said. The selloff came as U.S. and Chinese deputy trade negotiators launched a […] Read more



U.S. livestock: Cattle hit multi-week highs on flat to higher cash trade expectations

Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures touched six-week highs and feeder cattle exceeded seven-week highs on Tuesday as traders projected cash prices will remain steady or rise, after strengthening last week. Feeder cattle are trading above where they were before a fire at a Tyson Foods slaughterhouse last month removed a key buyer […] Read more



U.S. livestock: Feeder cattle near six-week high

Reading Time: 2 minutes Chicago | Reuters — U.S. feeder cattle and live cattle futures hit their highest prices since August on Thursday, supported by strength in the cash market, before ending mixed. Cash cattle had set the firmer tone on Wednesday, trading for $101/cwt in Texas and Kansas, up from a range of $97-$100 in Texas last week […] Read more