GFM Network News


U.S. livestock: Live cattle up on cash market strength

Lean hog weights 'coming down a little bit'

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures gained on Monday, as the cash market strengthened and packers looked to pickup slaughter rates, brokers said. Feeder cattle also gained, while lean hog futures added as producers looked to offload market-weight animals early to reduce feed costs. CME October live cattle added 0.7 cent […] Read more

U.S. grains: Soybeans up with exports, corn up slightly on dry weather

Big expected Russian, Canadian crops weaken wheat

Chicago | Reuters — Chicago soybean futures rose on Monday as a spate of new-crop soybean export sales eased concerns about forecasts of huge harvests across the U.S. Midwest. Corn futures were buoyed by dryness in top corn-producing states, as weekend rainfall missed drought-stricken parts of western Iowa. Meanwhile, wheat futures slipped on estimates for […] Read more


U.S. grains: Soybeans ease on China tensions

Wheat gains on declining U.S. dollar, export hopes; corn mostly flat

Chicago | Reuters — Chicago soybeans softened on Friday as optimism over Chinese buying in the United States was tempered by political tensions between the two economic heavyweights. Corn ended lower on strong crop conditions, while wheat rose on hopes of new U.S. export sales with the dollar remaining low. The Chicago Board of Trade’s […] Read more

U.S. livestock: Live cattle futures gain, fall short on the week

Lean hogs slip after three days' gains

Chicago | Reuters — U.S. live cattle futures gained on Friday, after four consecutive days of declines, as traders anticipated the U.S. Department of Agriculture’s monthly Cattle on Feed report. Chicago Mercantile Exchange (CME) August live cattle futures settled up 0.475 cent at 101.325 cents/lb. and October live cattle added 0.5 cent to close at […] Read more


U.S. livestock: Live cattle futures ease, demand picture foggy

Hogs up on firmer cash, pork prices

Chicago | Reuters — U.S. live cattle futures fell again Thursday, the fourth consecutive step back after reaching a high not seen since early March. “The rally last week was kind of counter-seasonal. You typically don’t rally the cattle in late July, early August, in the dog days of summer,” said Jeff French, an analyst […] Read more

U.S. grains: China tensions cap soybeans’ gains

Corn prices up slightly on trade optimism; wheat falls back slightly

Chicago | Reuters — U.S. soybean futures climbed on Thursday, boosted by demand from China, although escalating tensions between Beijing and Washington capped gains. Corn edged higher as optimism over possible continued buying from China offset strong crop conditions. Wheat scaled back on technical selling. The most-active soybean contract on the Chicago Board Of Trade […] Read more


U.S. livestock: Live cattle continue lower on unclear outlook

'Hard hill to climb' expected for lean hogs

Chicago | Reuters — U.S. live cattle futures closed lower on Wednesday as uncertainty about demand lingers, while dry conditions in the U.S. West have analysts worried about an influx of market-ready cattle in the coming weeks. “You look at pasture range and it is deteriorating very quickly,” said Ted Seifried, chief ag market strategist […] Read more

U.S. grains: Soybeans gain ground on Chinese buying

Wheat rebounds after technical correction

Chicago | Reuters — Chicago corn and soybeans futures climbed on Wednesday as news of Chinese purchases offset strong yield prospects after recent rain across the U.S. Midwest offered relief to pollinating corn crops. Both commodities gained even after the United States ordered China to close a consulate in Houston, escalating diplomatic tensions and putting […] Read more


U.S. livestock: Live cattle pull back on demand uncertainty

CME lean hogs strengthen

Chicago | Reuters — U.S. live cattle futures closed lower on Tuesday for a second consecutive session after key contracts reached more-than-four-month highs last week as processors continued to cut into a surplus of market-ready cattle, traders said. Concerns about a piecemeal economic reopening as coronavirus cases flare up across the United States have traders […] Read more

U.S. grains: Soybeans trim back on improved crop conditions

Wheat gains on weaker U.S. currency

Chicago | Reuters — Chicago soybean futures fell on Tuesday, despite renewed exports to China, after the U.S. Agriculture Department issued better-than-expected weekly crop ratings. Corn also eased on better-than-expected crop conditions and favourable U.S. weather as traders eyed record yield potential this fall. The Chicago Board of Trade’s most active soybean contract fell 6-1/2 […] Read more