GFM Network News


(Photo courtesy Canada Beef Inc.)

U.S. livestock: Cattle end mostly lower; hog futures narrowly mixed

Chicago | Reuters – Live cattle futures on the Chicago Mercantile Exchange closed mostly lower on Friday on technical selling and lackluster cash cattle trade this week, traders said. CME benchmark October live cattle settled down 0.375 cent at 128.125 cents per pound, and September feeder cattle futures ended down 0.475 cent at 163.075 cents […] Read more

Photo: File

U.S. livestock: CME cattle futures rise after U.S. cuts beef production forecasts

Chicago | Reuters – Chicago Mercantile Exchange cattle futures rose on Thursday as the U.S. Department of Agriculture reduced its forecasts for domestic beef production. The agency, in a monthly report, trimmed its estimate for 2021 U.S. beef production by 0.1 percent from July to 26.965 billion pounds due to lighter expected carcass weights. The production forecast […] Read more


(Darcy Maulsby/iStock/Getty Images)

U.S. livestock: CME hogs end mostly higher on bargain buying, cattle drift lower

Chicago | Reuters – Lean hog futures on the Chicago Mercantile Exchange closed mostly higher on Wednesday as bargain-buying and firmer wholesale pork prices helped the benchmark October contract rebound from a one-month low set a day earlier. CME October lean hogs settled up 1.975 cents at 85.850 cents per pound and December hogs rose […] Read more

Photo: Thinkstock

U.S. livestock: CME cattle futures rise as beef prices climb; hogs end lower

Chicago | Reuters – Live cattle futures on the Chicago Mercantile Exchange closed higher on Tuesday, lifted by surging beef prices and rising packer margins that fueled expectations of firmer cash cattle prices this week, traders said. CME October live cattle settled up 0.650 cent at 128.125 cents per pound, while September feeder cattle futures […] Read more


(Gloria Solano-Aguilar photo courtesy ARS/USDA)

U.S. livestock: CME lean hog futures tumble on uncertain pork demand

Chicago | Reuters – Lean hog futures on the Chicago Mercantile Exchange fell sharply on Monday, with the benchmark October contract down its daily limit on worries about a seasonal increase in hog supplies and uncertain demand for U.S. pork, analysts said. CME October hog futures settled down 3 cents at 84.600 cents per pound, […] Read more

Photo: File

U.S. livestock: Live cattle firms on improved cash, holiday demand

Chicago | Reuters – Chicago Mercantile Exchange live cattle futures climbed on Friday, supported by elevated cash cattle trade and stronger wholesale beef prices, analysts said. “I think it’s a combination of things, including packers trying to get beef into the pipeline before the Labor day features,” said Alan Brugler, president of Brugler Marketing. “Cash […] Read more


(iStock/Getty Images)

U.S. livestock: CME lean hogs fall on anticipated larger supplies

Chicago | Reuters – Chicago Mercantile Exchange lean hog futures slipped on Thursday as traders look ahead to increased supplies of hogs heading into the fall and producers hedge against the possibility of future price declines, traders said. CME August lean hog futures closed unchanged at 109.475 cents per pound, while benchmark October hogs lost […] Read more

Photo: Canada Beef Inc.

U.S. livestock: CME live cattle firm on scarce supply and firmer cash markets

Chicago | Reuters – Chicago Mercantile Exchange live cattle futures firmed on Wednesday as cash trade firmed and wholesale beef prices march higher, traders said. “We have some tighter market-ready cattle supplies right now. The outlook is for supplies to tighten further later in the year and into next year,” said Doug Houghton, technical analyst […] Read more


(Kelli Jo/iStock/Getty Images)

U.S. livestock: CME lean hogs firm as market-ready supplies remain soft

Chicago | Reuters – Chicago Mercantile Exchange lean hog futures gained for a second day on Tuesday, supported by lower supplies of market ready hogs as the August futures contract nears expiration. “Until we start seeing better numbers coming forward on packer runs, I think that’s going to elevate things a little bit,” said Matthew […] Read more

Photo: iStock

U.S. livestock: Lean hogs end mixed as traders eye Dominican hog disease

Chicago | Reuters – Chicago Mercantile Exchange lean hog futures closed mixed on Thursday as pressure from news of a deadly hog disease in the Dominican Republic offset support from strong export sales and firm cash hog prices, traders said. CME August lean hog futures settled up 0.600 cent at 106.300 cents per pound, while […] Read more