Latest articles


Canadian dollar outlook

Market Talk with Jerry Klassen

The Canadian dollar experienced a sharp rally from May through September as the Bank of Canada implemented a tighter monetary policy. This was somewhat negative for fed and feeder cattle prices. However, since early September, the Canadian dollar has deteriorated and I’ve received many inquiries over the past few weeks with regard to future market […] Read more


cows eating pellets- Glen Nicoll

Winter forecast for feeding margins

Market Talk with Jerry Klassen

Feedlots in Canada and the U.S. experienced a very profitable feeding margin structure from January through August. During the first week of May, when the fed cattle market reached $197, margins actually edged over $700 per head in some cases which was a record in my career of analyzing profitability. However, margins moved into negative […] Read more



Tight barley supplies will encourage corn imports

Market Talk with Jerry Klassen

Feed barley prices have been under pressure through the harvest period as yields across Western Canada have come in better than expected. It appears that the drier conditions in the southern regions of Alberta and Saskatchewan were more than offset by timely rains in the central and northern areas of the provinces. Barley selected for […] Read more


Feeder cattle market outlook

Market Talk with Jerry Klassen

I’ve received many calls with regard to the outlook for the feeder cattle market for the fall and winter period. Many cattle producers are asking if they should be backgrounding their calves over the winter while others are looking to sell yearlings over the next month. There are quite a few factors that will influence […] Read more



Barley market rallies

Market Talk with Jerry Klassen

Southern Alberta barley prices have been percolating higher over the last month. Feedlots in the Lethbridge area were buying feed barley at $215/mt delivered in mid-July, which is up approximately $40/mt from a month earlier. Feed wheat prices have also rallied in correlation with the milling wheat market so that southern Alberta feed wheat bids […] Read more


Fall prospects for feeder cattle

Market Talk with Jerry Klassen

Markets are understood looking backwards but must be traded looking forwards. — Larry Williams I’ve received many inquiries over the past couple of weeks in regards to the feeder cattle market. The recent price activity has surprised many producers and analysts, including myself. After a rather bearish outlook earlier in winter, the feeder cattle market […] Read more



The feed barley outlook

Market Talk with Jerry Klassen

It’s that time of year when I receive many calls from cattle producers with regard to the price outlook for feed barley. This past winter, feed barley in southern Alberta has readily traded in the range of $155/mt to $165/mt delivered, while values in central Alberta are usually a $10/mt discount. The 2016-17 crop year […] Read more


Fall feeder cattle outlook

Market Talk with Jerry Klassen, from the April 2017 issue of Canadian Cattlemen

Feeder cattle prices have been percolating higher since November 2016 and I’ve received many inquiries regarding the price outlook for the fall of 2017. The U.S. cattle herd is moving through an aggressive expansionary phase while the Canadian cattle inventory has remained relatively stagnant. The year-over-year increase in feeder cattle numbers south of the border […] Read more



Reading feeder cattle futures markets

Market Talk with Jerry Klassen

The feeder cattle market has experienced unprecedented volatility over the past couple of years. Steers averaging 600 pounds traded for over $300/cwt in September of 2015 but in February this year sold for $198. The erratic price action has caused cattle producers to take more interest in hedging feeder cattle and the Western Livestock Price […] Read more


Prepare for spring rally on barley and feed grains

Market Talk with Jerry Klassen

Southern Alberta feedlots were buying feed barley in the range of $160/mt to $165/mt delivered over the past month; central Alberta operations were showing bids from $155/mt to $160/mt. Southern Manitoba feed mills have been buying barley with low vomitoxin levels from $155/mt to $165/mt but overall barley usage is limited in this region. Feed […] Read more