GFM Network News

Large oat production won’t move prices

MarketsFarm — While the most recent crop production report from Statistics Canada predicted significantly more oats than originally expected, prices will likely remain stable. Statistics Canada estimated 3.952 million tonnes of oats will be grown in 2019, up considerably from the 3.436 million tonnes produced in 2018. But low carryover stocks from previous years means […] Read more

Canadian hog prices on rebound

CNS Canada — Improving trade relations and the emergence of swine fever in China have made their presence felt on the Canadian hog market. Weekly signature No. 5 base slaughter weight cash hog prices averaged $117.83 per 100 kg as of Friday, up by roughly $15 over the past two weeks. Those numbers are a […] Read more

U.S. livestock: CME hogs move up with cash prices

Chicago | Reuters — Chicago Mercantile Exchange hogs rose for a second straight day on Wednesday as slaughter-ready, or cash, hog prices escalate in the midst of a seasonal supply squeeze, traders said. Sultry weather in parts of the U.S. Midwest caused livestock to eat less feed, which slows their weight gain and delivery to […] Read more

U.S. livestock: Cattle, hog futures rise

Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures rose on Wednesday, supported by steady-to-higher early-week cash prices, traders said. Hogs drew support from higher cash and wholesale pork prices. Futures were further supported by lower week-over-week hog weights. It’s a “good sign that these weights are coming down,” said Dan Norcini, an independent […] Read more

U.S. livestock: CME live cattle end mostly weaker

Chicago | Reuters — Most Chicago Mercantile Exchange live cattle contracts on Thursday posted modest losses after a volatile session, as investors waited for cattle in the U.S. Plains to change hands, traders said. February futures drew support from wintry weather across the western Corn Belt that threatens to disrupt livestock production. February live cattle […] Read more