GFM Network News


Will the U.S. have enough beef?

Prime Cuts with Steve Kay

A valid question arises when considering the latest supply and demand dynamics for the U.S. beef industry. Will it have enough beef to supply an expected increase in exports to its major market, Japan, and to emerging market China? The U.S. has spent years developing export markets in virtually all corners of the globe, notably […] Read more

Several key trade deals are poised to benefit red meat sectors.

Trade deals herald a promising year ahead

Prime Cuts with Steve Kay

The new decade begins with much promise for the North American cattle/beef industry. Several key trade deals will benefit the red meat sectors in all three countries, including developments in China and the ratification by the U.S. Congress of the United States-Mexico-Canada Agreement (USMCA). China’s ongoing efforts to fill the protein hole caused by the […] Read more


October 2019 saw strong domestic and export demand for beef.

Beef demand should remain strong

Prime Cuts with Steve Kay

How much consumers pay for beef and how much they buy largely determines the success of the North American beef industry. Beef demand at home and abroad was strong last year across the continent and should remain so in 2020. Much of the reason is that the U.S. and Canadian economies are among the strongest […] Read more

Strong demand has made beef the protein of choice for most American consumers.

Rising tide raises all boats

Prime Cuts with Steve Kay

The old saying that a rising tide raises all boats is especially apt in the U.S. beef industry right now. Stronger than expected domestic beef demand has raised cash live cattle prices above their levels of the week of Tyson Foods’ Holcomb, Kansas, fire on August 9. Live prices, based on USDA’s five-area region, averaged […] Read more


Pork only provides competition for beef purchases with consumers when it's low in price.

Beef faces plethora of pork in the marketplace

Prime Cuts with Steve Kay

Pork, pork and more pork. That’s what the U.S. beef market faces as it moves into the middle of the last quarter of 2019. American pork processors are harvesting live hogs at a record rate and putting more pork onto the market than ever before. Only strong pork exports (accounting for 27 per cent of […] Read more

China’s hog losses due to African swine fever now represent 38.7 per cent of its total hog inventory.

China has a protein crisis

Prime Cuts with Steve Kay

You can’t make a silk purse out of a sow’s ear, goes the old Scottish idiom. But you can if it is a Chinese sow. This is because African swine fever (ASF) has reduced China’s sow population by 37 per cent in just the past year. China’s hog losses due to ASF are rapidly mounting […] Read more


Manitoba's auction markets are now closed to non-essential personnel.

Tyson Foods fire creates ripple effect in cattle markets

Prime Cuts with Steve Kay

The North American cattle and beef industry has endured “weather” and BSE-related markets but never a “fire” market such as resulted from the fire at Tyson Foods’ Holcomb, Kansas plant on August 9. The fire took out more than 30,000 head per week of capacity for several months. The loss is most directly having an […] Read more

Adverse weather has had an impact on the U.S. fed cattle market in 2019.

Beef prices weather the weather

Prime Cuts with Steve Kay

The U.S. beef market is proving to be remarkably resilient this year. Summer heat has finally given way to cooler weather. But beef demand held up remarkably well in the heat and domestic demand in July was actually better than last year. Now the market has the Labor Day holiday behind it, which usually boosts […] Read more


The U.S. meat and livestock industry has a comprehensive price reporting system that is the envy of the world.

Kay: Price reporting invaluable to livestock and meat industries

Prime Cuts with Steve Kay

Good market information, particularly regarding prices, is the lifeblood of the livestock and meat industry, in which millions of dollars change hands every day of the week. “Good” information, however, must be accurate and unbiased, as comprehensive as possible, timely and easily accessible, and understood by all market participants. Today’s cattle producers throughout Canada can […] Read more

A plunging futures market in mid-May caused hedged cattle feeders to sell cattle early at lower prices for three weeks in a row.

Kay: Cattle futures crush the present

Prime Cuts with Steve Kay

Futures markets perform an important role in agricultural markets by allowing producers of key commodities to construct risk management strategies to help them make money. The futures are also anticipatory markets, and these two roles sometimes make for strange bedfellows. Right now in the U.S., the futures market for feeder and live cattle are crushing […] Read more