GFM Network News


U.S. livestock: Live cattle futures dip on slaughter delays

Lower supply expectations support hog futures

Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures fell on Thursday as short-term processing delays caused by power outages and frigid weather backed up cattle and softened cash prices, traders said. Chicago Mercantile Exchange April live cattle futures settled down 1.225 cents at 122.925 cents/lb., while the spot February contract ended 0.175 cents lower at […] Read more

JBS parent pleads guilty to U.S. foreign bribery charges

Reading Time: 2 minutes New York/Rio de Janeiro | Reuters — Brazil’s J+F Investimentos, parent company of the world’s largest meatpacker, JBS, pleaded guilty to U.S. foreign bribery charges and agreed to pay US$128.25 million in criminal fines, prosecutors said on Wednesday. J+F is paying only half of the $256.5 million fines levied due to settlements made with Brazilian […] Read more


Strong demand, lower supplies support North American hog prices

Reading Time: 2 minutes MarketsFarm — Hog prices in North America typically come under pressure heading into fall, as the end of barbecue season coincides with more hogs coming to slaughter. However, strong global demand has propped up hog prices in recent weeks, with cash prices increasing by over 25 per cent. Fewer hogs coming to market, coupled with […] Read more



China’s slower meat imports seen worsening its protein shortage

Reading Time: 2 minutes Beijing | Reuters — China’s dwindling pace of meat imports, thanks to its tough measures against coronavirus contamination, will provide further support for prices already buoyed by a severe shortage of pork, analysts said. Purchases of pork and other meats have soared this year after domestic production shrank 30 per cent following an outbreak of […] Read more

China suspends beef imports from Cargill plant

High River plant on long list of blocked facilities

Reading Time: < 1 minute China has temporarily suspended imports of beef from Cargill’s major beef packing plant at High River, Alta., part of a long list of meat plants blocked in the last half of June. The Reuters news service on Monday published a list of meat packing plants from around the world which during June and early July […] Read more


Meat leads Canadian industrial producer prices higher in May

Reading Time: 2 minutes Ottawa | Reuters — Canadian industrial producer prices rose 1.2 per cent in May on higher prices for meat, fish and dairy products, Statistics Canada said on Monday, as supply chain disruptions caused by the coronavirus pandemic and increased demand boosted meat prices. The gain in producer prices followed four months of consecutive decreases and […] Read more

Pulse weekly outlook: Pandemic may pose market opportunity

Reading Time: < 1 minute MarketsFarm — Plant protein products were steadily rising in popularity before the COVID-19 pandemic set in — but that industry could also get a boost from consumers shifting away from meat in a post-pandemic world. “There’s an increased level of awareness of hygiene issues in the meat industry,” Vishal Vijay, head of business development at […] Read more


U.S. meatpacking workers often absent after plants ordered to reopen

"There's still so many risks"

Reading Time: 4 minutes Chicago/Washington | Reuters — Smithfield Foods is missing about a third of its employees at a South Dakota pork plant because they are quarantined or afraid to return to work after a severe coronavirus outbreak, according to the workers’ union. Tyson Foods was forced to briefly close its Storm Lake, Iowa plant — a month […] Read more

Federal surplus food program now taking applications

Qualified NGOs sought to move, distribute perishables to 'populations in need'

Reading Time: 3 minutes A federal program to get food to those who need it, using stockpiles of perishables created by the COVID-19-related shutdown of the dining sector, is now taking applications. The $50 million Surplus Food Rescue Program — which Prime Minister Justin Trudeau telegraphed in a funding announcement May 5 — will take applications from “organizations addressing […] Read more