GFM Network News

U.S. livestock: CME lean hogs fall, cattle up on technical trading, profit-taking

Hogs 'stretched out technically last week'

Chicago | Reuters — U.S. lean hog futures slid on Monday on technical selling and profit-taking, as the trade began to question whether Chinese demand for U.S. pork will boom after rival supplier Germany confirmed a single case of African swine fever in a wild boar. U.S. pork packer margins eased but still were solid, […] Read more

U.S. livestock: Lean hogs climb on bullish pork export prospects

Live cattle continue following hogs higher

Chicago | Reuters — U.S. lean hog futures closed higher on Friday for a second session on expectations of increased export demand for U.S. pork after rival supplier Germany confirmed a case of African swine fever in a wild boar. Chicago Mercantile Exchange (CME) October lean hog futures settled up 2.2 cents at 66.575 cents/lb. […] Read more


U.S. livestock: Hog futures limit up on pork export optimism

CME live cattle follow lean hogs higher

Chicago | Reuters — U.S. lean hog futures closed up their daily limit on Thursday as confirmation of a case of African swine fever in a wild boar in Germany fueled expectations that pork importers would turn to the United States for supplies, traders said. Firming cash hog values and rising wholesale pork prices added […] Read more

Swine fever found in Germany putting pork exports at risk

Country had been fencing off borders against wild boar

Berlin/Hamburg | Reuters — Germany confirmed on Thursday that African swine fever (ASF) had been found in a dead wild boar near its border with Poland, threatening pork exports to China from Europe’s biggest pork producer, which were worth US$1.2 billion last year. Authorities in the German state of Brandenburg quarantined a 15-km area around […] Read more


U.S. livestock: Hog futures rise as cash values firm

Live cattle follow cash cattle, beef prices lower

Chicago | Reuters — U.S. lean hog futures rose on Wednesday, reaching a four-month high on firming cash hog prices, optimism about pork demand and technical buying, analysts said. The Chicago Mercantile Exchange October lean hog futures contract settled above its 200-day moving average, rising 1.475 cents to end at 61.375 cents/lb. after reaching 61.725 […] Read more

Germany reports first suspected case of African swine fever

German producers currently exporting pork to China

Berlin | Reuters — Germany’s ministry of food and agriculture said on Wednesday it had a suspected case of African swine fever (ASF) in a wild boar in the eastern state of Brandenburg. The suspected case concerned a wild boar carcass found near the German-Polish border. A sample of the carcass was being taken for […] Read more


Fed-cattle prices moving higher

The Markets with Deb McMillin, from the September 2020 issue of Canadian Cattlemen

Fed cattle Impressive summer slaughter rates coupled with strong wholesale demand have moved fed prices higher after weeks of a steady trading range. The fed steer price in Alberta in mid-August was $136.92/ cwt, which was a jump of $2.81/cwt from the previous week. Cash-to-cash basis is narrow at -$1.47/cwt, which compares to -$3.39/cwt a […] Read more

U.S. rolls back inspection rules for egg products

New rule to affect 83 U.S. facilities

Chicago | Reuters — The Trump administration said Wednesday it will stop requiring U.S. plants that produce egg products to have full-time government inspectors, in the first update of inspection methods in 50 years. Under a new rule that takes effect immediately, the U.S. Department of Agriculture will allow companies such as Cargill and Sonstegard […] Read more


U.S. livestock: Cattle futures rise on expectations of firm cash values

Hog market appears technically overbought

Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange closed higher on Tuesday on expectations of firmer cash prices as supplies of market-ready cattle tighten, following a drop this past spring in the number of cattle placed in feedlots, traders said. “Packer margins are huge; they are still over $350 a head. […] Read more

Beef is a good fit in Canadian diets. It may even qualify as a superfood.

Will the real superfood please stand up?

Research on the Record with Reynold Bergen

“Superfood” is a marketing (not medical or scientific) term used to describe foods with perceived health benefits because of exceptional nutritional properties. Google “superfood” and you’ll see numerous lists claiming health benefits for foods such as broccoli, legumes, nuts, salmon, eggs, kale, beans, spinach, and trendy new things like acai or goji berries that marketers […] Read more