GFM Network News


No BRM breakthrough reached at ministers’ meeting

AgMins fail to find solution to business risk management program woes

No consensus on changes to business risk managements (BRM) programming was reached during the latest round of federal-provincial-territorial agriculture ministers’ meetings. After the meetings ended Friday, federal Agriculture Minister Marie-Claude Bibeau explained Ottawa was willing to maintain the current cost sharing of the programs at a 60-40 split between her government and the provinces. Bibeau’s […] Read more

U.S. livestock: Live cattle futures trim as traders weigh weak exports

Lean hogs down with pork export figures

Chicago | Reuters — Live cattle futures fell on Friday on profit-taking during a shortened holiday-trading day, while less-than-stellar weekly beef exports added pressure to livestock futures overall, traders said. Chicago Mercantile Exchange February live cattle futures fell for the first time in the past five trading sessions, ending the day down 0.925 cent at […] Read more


China’s coronavirus testing chokes beef trade

Additional inspections, disinfections costly for importers

Beijing | Reuters — In a supermarket in downtown Beijing, refrigerator shelves normally filled with steak from around the world sit empty as tougher testing for the novel coronavirus creates supply bottlenecks and raises prices for importers. Fresh supplies of beef won’t arrive for days, a salesman at the Suning.com-owned Carrefour outlet told Reuters — […] Read more

U.S. livestock: Live cattle up on cash market optimism, beef demand

Hogs up ahead of USDA exports report

Chicago | Reuters — Live cattle futures rose on Wednesday for a fourth straight session, climbing ahead of Thursday’s U.S. Thanksgiving holiday as strong packer margins fed expectations of improving cash cattle prices over the next few weeks, traders said. Chicago Mercantile Exchange February live cattle futures settled up 0.225 cent at 114.175 cents/lb. (all […] Read more


U.S. livestock: Cattle futures follow beef prices, Dow higher

Chicago lean hogs end mixed

Chicago | Reuters — U.S. cattle futures closed higher on Tuesday for a third straight session, lifted by surging wholesale beef prices and optimism that coronavirus vaccines could trigger an economic recovery, bolstering demand for meat, traders said. Wall Street’s Dow Jones industrial average hit a record high above 30,000 on upbeat COVID-19 vaccine news, […] Read more

U.S. livestock: Live cattle futures up two per cent

U.S. feedlot data, beef prices supportive

Chicago | Reuters — U.S. cattle futures closed higher on Monday, buoyed by Friday’s supportive monthly Cattle on Feed report, rising wholesale beef prices and strength on Wall Street tied to hopes for a COVID-19 vaccine, traders said. “All of the above (suggest) optimism for the meat market,” said Jason Roose, analyst and broker with […] Read more


Most of Prairies already covered in snow

MarketsFarm — Most of the Canadian Prairies were already blanked in snow by late November, with the deepest snowpack in Alberta and Saskatchewan, according to data compiled by Environment Canada and the U.S. National Oceanic and Atmospheric Administration (NOAA). Aside from the Rocky Mountains and some areas around the Great Lakes, the U.S. was largely […] Read more

ADM, InnovaFeed to build world’s biggest insect protein plant in Illinois

Chicago | Reuters — U.S. grain trader and processor Archer Daniels Midland and French biotech company InnovaFeed announced plans on Thursday to build the world’s largest insect protein plant at Decatur, Illinois. The announcement comes amid rising global feed grain prices and tightening supplies, and as more companies work toward reducing the carbon footprint of […] Read more



U.S. livestock: Cattle, hog futures tumble on demand worries

Corn values also weigh on feeder cattle, hogs

Chicago | Reuters — U.S. cattle and hog futures tumbled on Thursday on worries about demand for beef and pork as soaring coronavirus infections across the country threatened more restaurant and food service closures and forced more Americans to shelter at home. Investors also fear a repeat of the livestock processing disruptions seen in the […] Read more