GFM Network News


(Photo courtesy Canada Beef Inc.)

Klassen: Stronger fed cattle prices underpin feeder complex

Limited feed and forage hinder further upside

Alberta packers were buying fed cattle on a dressed basis in the range of $265-$270 delivered this past week, up $3-$5 from seven days earlier. Live prices were quoted at $159-$162 delivered using a 60 per cent grading. If the feedlot operator booked their feed grains earlier in winter, live prices are $2-$3 above breakeven […] Read more



(Photo courtesy Canada Beef Inc.)

Klassen: Feeder cattle divorce from futures’ direction

Compared to last week, western Canadian feeder cattle prices were relatively unchanged. Higher-quality yearlings and calves were steady to $4 higher in Alberta and Saskatchewan; in Manitoba, yearlings traded $2-$4 lower while calves were $3-$5 higher. Domestic cattle markets appeared to divorce from feeder and live cattle futures. June live cattle futures finished the week […] Read more

(Photo courtesy Canada Beef Inc.)

Klassen: Feeder cattle markets experience volatility

Beef prices encourage slaughter pace

Compared to the previous week, western Canadian feeder cattle markets traded $3-$4 on either side of week-ago levels. Prices were quite variable across the Prairies with four main factors influencing buyer sentiment. First, the eastern Prairie regions experienced adverse winter weather. Auction barns in Manitoba and eastern Saskatchewan had smaller volumes on offer. Buyers shied […] Read more



(Photo courtesy Canada Beef Inc.)

Feeder cattle supplies tightening

Market Talk with Jerry Klassen

In my previous article, I mentioned that the USDA made a downward revision to the 2019 calf crop while the 2020 calf crop came in lower than expected. Since then, Statistics Canada has also released their cattle inventory report. It appears that western Canadian calf and yearling supplies as of January 1, 2021, were down […] Read more


The USDA building in Washington, D.C. (Art Wager/iStock/Getty Images)

Klassen: Feeder market digests USDA acreage report

Compared to last week, western Canadian feeder cattle markets were relatively unchanged. Lower flesh yearlings appeared to trade $2-$3 higher in certain pockets of Alberta but replacements carrying excessive butter experienced severe discounts of $6 to as much as $10 in some cases. October and December live cattle futures made fresh contract highs, which underpinned […] Read more



CME May 2021 feeder cattle with 20-, 50- and 100-day moving averages. (Barchart)

Klassen: Feeder market remains volatile

Feed grain values remain firm

Last week, western Canadian yearling markets were traded $2-$4 above week-ago levels from Monday through Wednesday; however, buyers backed away from the market on Thursday and Friday as feeder cattle futures fell nearly $7 from Wednesday’s high. By the end of the week, yearlings were relatively unchanged from week-ago levels. Calf prices were relatively flat […] Read more