GFM Network News


The coronavirus’s spread has shifted beef consumer behaviours to end cuts and grinding and trim products.

COVID-19 pandemic sees cattle markets plunge

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

Fed Cattle Global uncertainty resulting from the rapidly changing COVID-19 pandemic has caused all financial and commodity markets to struggle. The cattle markets have not been excluded from this as we have watched the fed cattle price plummet in recent weeks. The fed cattle cash average is $141.54/cwt, which is $22/cwt lower than the high […] 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


Tight supplies and the current feeding sector are setting the tone for stronger first-quarter prices.

Tight supplies push fed cattle cash prices higher

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

Fed Cattle The fed cattle cash market had a great start in 2020. Tight market-ready supplies helped push prices higher and led to current feedlots as cattle were pulled ahead to sell into the stronger market. The fed steer price averaged $163.64/cwt the second week of the year, an improvement of $9/cwt from the beginning […] Read more

Good beef demand in 2019 supports fed cattle prices

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

Fed Cattle Demand has been key in 2019. Good beef demand in both Canada and the U.S. has supported fed cattle prices throughout the year. Fed prices rallied again in November and early December in Western Canada. Support coming from tighter front-end supply and growing holiday demand led to a 13 per cent increase in […] Read more


Fed cattle prices seen higher on sustained demand

The Markets with Deb McMillin, from the December 2019 issue of Canadian Cattlemen

Fed cattle The last two weeks have seen fed cattle prices pushed higher by continued demand, the re-opened border, higher cut-out values and reduced supplies. Seasonally, fed prices are responding to demand for middle meats as buyers look towards their holiday needs in the coming month. At the same time, China announced that it has […] Read more

Feeder placement has been slower though the fall run of 2019 than in recent years.

Domestic, export demand supporting fed cattle prices

The Markets with Deb McMillin, from the November 2019 issue of Canadian Cattlemen

Fed cattle The western Canadian cash bids have seen week-over-week increases since mid-September. At mid-October, fed prices were nearing $144/cwt. This is $7.57/cwt higher than the low set in August but still $6.38/cwt below the average price the same week last year. Although carcass weights are 10 lbs. heavier than a year ago — at […] Read more


Fed cattle market wrestles with low prices

The Markets with Deb McMillin, from the October 2019 issue of Canadian Cattlemen

Fed cattle The fed cattle market has struggled in September as it looks to make its annual low. A combination of seasonal factors and the reduced kill capacity following the Tyson fire in the U.S. have contributed to lowered prices. The fed cash price has moved below break-even levels, with an average the last week […] Read more

U.S. feeder cattle prices have been under pressure the last few weeks.

Pressure ahead for fed-cattle markets

The Markets with Deb McMillin, from the September 30, 2019 issue of Canadian Cattlemen

Fed cattle Seasonal pressure coupled with leverage loss partly due to the U.S. packing plant fire resulted in smaller weekly kill capacity. Locally, demand is softer following the September long weekend, which is generally the case. In addition, front-end supply is building and packer lift times have lengthened. Over the past five weeks, the fed […] Read more


Feeder cattle volumes are picking up and basis is seasonally strong heading into the fall run.

McMillin: Cattle on feed in Alberta, Sask., higher than year ago levels

The Markets with Deb McMillin, from the September 2019 issue of Canadian Cattlemen

Fed cattle To mid-August, Canadian fed cattle traded mostly steady, at an average on both sides of $146/cwt since the middle of July. The average steer the second week in August averaged $146.25/cwt which is $3.49/cwt higher than the same week in 2018. The third week of August didn’t see enough trade to establish a […] Read more

In the near term, calf prices on light volumes should remain steady.

McMillin: Domestic, global beef demand strong

The Markets with Deb McMillin, from the August 2019 issue of Canadian Cattlemen

Fed cattle It’s uncommon to see fed cattle prices pick up through the month of July. However, this has been the case in the last two weeks in Alberta. Beef demand both domestically and globally has been strong and sellers continue to be current in their front-end supply, which has created some leverage. The mid-July […] Read more