GFM Network News

The Markets – for Nov. 14, 2011

MARKET SUMMARY Fed Cattle A lower Canadian dollar and increased buyer competition from the U.S. led to a strong fed market in the first week of October. Prices reached $110.73, an increase of $5.05 in one week. Fed steers in Alberta at the end of the second week averaged $108.94, up $17.81 per cwt from […] Read more

The Markets – for Oct. 10, 2011

FED CATTLE Fed cattle prices to mid-September were pressured lower as smaller weekly kills allowed packers to go long on inventory and increase their purchasing power. While U.S. prices rallied in the past few weeks, local prices struggled and lost ground, widening the basis to -14.73, the widest it s been since spring 2009. Early […] Read more

The Markets – for Sep. 12, 2011

Fed Cattle Following an up-and-down trend in July, a weaker Canadian dollar coupled with tight fed supplies domestically led to a stronger summer fed market. Board premiums and strength in the U.S. cash market also pushed the Canadian fed market higher. Fed steers increased $7 per cwt in the first half of August to an […] Read more

The Markets – for Jun. 13, 2011

MARKET SUMMARY Fed Cattle Alberta fed steers slipped for six consecutive weeks from $115 at the start of April to $103 by mid-May, which was still almost $12 better than last year. The fed cattle cash-to-cash basis at mid-month was -6.42 per cwt, somewhat wider than the average year-to-date basis of -4.05 per cwt, but […] Read more

The Markets Market Summary

Fed Cattle Fed cattle prices rose 12 per cent from January to average $108.95 by mid-March on tight supplies of market-ready cattle, a strong futures market and a rally in Choice cutout values. Fed cattle prices at the current levels have not been seen since 2001-03 when the Canadian dollar was trading at 62 to […] Read more

The Markets – for Mar. 14, 2011

MARKET SUMMARY Fed Cattle Strong futures, tight supplies and good feedlot leverage have created a strong fed cattle market so far in 2011. Week over week increases drove Alberta steers up by $9.71 to $106.80 in the first six weeks of the year. That’s $27.63 per cwt better than last year and $19.93 over two […] Read more

THE MARKETS – for Feb. 14, 2011

MARKET SUMMARY FED PRICES The new year saw a contra-seasonal move in fed cattle prices at a time when the market typically struggles to keep up as post-Christmas expenses are realized and consumer spending slows pulling down meat sales. In spite of a strong Canadian dollar, fed cattle prices have climbed nearly $3 from the […] Read more

The Markets – for Jan. 10, 2011

FED CATTLE Fed cattle prices held up well in the fall of 2010 and performed better than expected given concerns over rising feed costs in the U.S. Alberta fed steers posted a new annual high averaging $98.04 per cwt in the first week of December, surpassing the spring high of $95.75. However pressure was noted […] Read more

The Markets – for Dec. 6, 2010

FED CATTLE This fall’s strong fed cattle market slipped a bit in the first two weeks of November with prices losing $2.50 per cwt to an average $93.34. Basis levels remained tight at -4.40 per cwt. While seasonal trends suggest it should shrink even further toward the end of the year it is already much […] Read more

THE MARKETS – for Nov. 8, 2010

MARKET SUMMARY Fed Cattle During this typically sluggish time of year when large front end-supplies normally pressure prices, sellers have been able to pull steady to higher prices for fed cattle in recent weeks. After dipping into the upper ’80s in September Alberta fed steers popped back up to $91.13 by mid-October, $13.30/cwt better than […] Read more