GFM Network News

Feeder cattle market responding to feed grain complex

Market Talk with Jerry Klassen

I’ve received many inquiries with regard to the market outlook for feeder cattle. Western Canadian yearling and calf prices have been trading near 52-week highs and cow-calf operators are wondering if prices will continue to percolate higher during the fall period. The feeder market is a pure competitive market; therefore, feedlots usually bid up the […] Read more

Klassen: Stronger demand supports feeder market

Western Canadian feeder cattle markets jumped $2-$5 last week, after adverse weather caused buyers to shy away earlier in October. Major feedlot operators were very aggressive on quality yearling packages and heavier weaned vaccinated calves. Many operations have limited ownership at this time of year because wet, cold weather conditions delayed purchases. The market appeared […] Read more

Canadian barley exports for 2018-19 are expected to exceed year-ago levels due to stronger demand from China.

Feed grain update

Market Talk with Jerry Klassen

Western Canadian barley prices have been percolating higher throughout the harvest period. At the time of writing this article, Lethbridge-area feedlots were making barley purchases in the range of $245/mt to $260/mt delivered while central Alberta operations were showing bids from $235/mt to $245/mt. It’s important to realize that prices are about $60/mt above year-ago […] Read more