GFM Network News

U.S. livestock: Cattle futures hit 10-year lows

Coronavirus stokes demand uncertainty

Chicago | Reuters — U.S. cattle futures plunged on Monday to their lowest in nearly a decade, with traders citing uncertainty about what the coronavirus pandemic will mean for long-term demand. Hog futures also were sharply lower, sinking to their lowest since October 2018. All fed cattle contracts and most hog contracts settled down the […] Read more

Beef production will likely be slightly below year-ago levels during the latter half of 2020.

Fed cattle market outlook

Market Talk with Jerry Klassen

Alberta fed cattle prices reached up to $275 on a dressed basis during the first half of January but have since come under pressure. At the time of writing this article at the end of January, Alberta packers were showing bids in the range of $262 to $265 delivered. April live cattle futures reached contract […] Read more

Coronavirus impact spreads to cash cattle markets

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

Fed Cattle A downtrend in the technical market in recent weeks resulting from uncertainty surrounding the economic impacts of the coronavirus has spread to the cash market as well. Locally, the cash fed cattle price has fallen $11.00/cwt over the past two weeks. The current fed steer average is $152.54/cwt. Fortunately, the higher prices that […] Read more