GFM Network News


U.S. livestock: Cattle futures dive, led by energy, equity markets

CME feeder cattle close limit down

Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures fell on Monday for a third straight session and hit life-of-contract lows following a plunge in crude oil and equity markets amid fears of a global recession, traders said. “When you have the stock market losing five to seven per cent of its value in a day, […] Read more

U.S. livestock: CME cattle retreat on demand worries

Hogs up on hopes for sales to China

Reading Time: 2 minutes Chicago | Reuters — U.S. cattle futures slid Thursday as the global spread of the COVID-19 coronavirus raised worries about an economic slowdown that could hurt demand for beef. U.S. beef demand has been strong since last year, helping to push April live cattle futures to a contract high in December. On Friday, though, futures […] Read more


U.S. livestock: CME cattle, hogs rise with equities

Livestock futures await export sales data

Reading Time: 2 minutes Chicago | Reuters — U.S. livestock futures strengthened on Wednesday as gains in financial markets helped fuel a recovery from contract lows reached last week in the live cattle market. Live cattle futures have been looking to equity markets for direction as uncertainty about the impact of the coronavirus epidemic has fueled swings in stock […] Read more

Klassen: Coronavirus fears weigh on feeder markets

Reading Time: 2 minutes Western Canadian feeder prices were not immune to the meltdown of financial and commodity markets last week. Buyers appeared to incorporate a risk discount due to uncertainty in beef demand over the next few months. Compared to last week, larger groups of quality yearlings traded $3-$5 lower while smaller packages were down $4 to as […] Read more


U.S. livestock: CME cattle rise in recovery from contract lows

Hogs close mixed as China uncertainty looms

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Monday recovered from contract lows reached last week as concerns temporarily eased about the economic impact from the global coronavirus outbreak. Equity markets also rose on speculation that central banks will cut interest rates to soften the economic blow of the epidemic. “The market […] Read more

U.S. livestock: CME cattle dive as coronavirus slams global markets

Technical buying limits hogs' losses

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures extended a steep sell-off on Friday on growing worries that the spread of coronavirus would dent global economic growth and could tip the world economy into recession. Global stocks and oil prices fell sharply as traders fretted over the economic toll of the virus that […] Read more


U.S. livestock: CME live cattle sink to new lows

COVID-19 continues to spook investors

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange cattle futures ended mostly lower on Thursday, with several key contracts notching new contract lows on nagging worries about the spread of coronavirus and its impact on global economic growth and demand for beef. Commodity funds, which had recently built up a sizable net long position in live […] Read more

U.S. livestock: CME live cattle sink on fund selling

Commodities funds take risk-off stance due to COVID-19

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell sharply in actively traded nearby contracts on Wednesday as concerns about the spread of coronavirus and its impact on demand triggered active selling by commodities funds. Slumping cash market prices further fueled the slide, with the benchmark April contract sinking to its lowest point […] Read more


U.S. livestock: CME cattle extend losses

COVID-19 coronavirus continues to rattle investors

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live and feeder cattle futures fell sharply for a second consecutive day on Tuesday as fears of a coronavirus pandemic stoked concerns about demand and slower global economic growth. Commodities funds liquidated more of their sizable long holdings in cattle after the U.S. Centers for Disease Control and […] Read more

U.S. livestock: Cattle, hogs dive as coronavirus rattles markets

April live cattle, most feeder contracts close limit-down

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange cattle and hog futures plunged on Monday as a surge of coronavirus cases beyond China stoked fears of U.S. meat export delays and slower global economic growth. The actively-traded April live cattle contract and nearly all feeder cattle contracts closed down by their daily trading limits, triggering expanded […] Read more