GFM Network News


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U.S. livestock: Cattle futures hit near two-month high as cash markets firm

Chicago | Reuters – Chicago Mercantile Exchange cattle futures rose for the third day in a row on Wednesday, nearing a two-month high on signs of improving cash markets. Traders also said a stepped-up pace of slaughter in recent days indicated demand for beef remains high. CME lean hog futures closed lower, with the front-month […] Read more

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U.S. livestock: Cattle futures extend rally; hog contracts weaken

Chicago | Reuters – Chicago Mercantile Exchange cattle futures rose to their highest in more than seven weeks on Tuesday, with traders noting follow-through buying after the market rallied on Monday. Concerns about supplies and strength in the cash market underpinned cattle futures. CME December live cattle futures settled up 1.925 cents at 131.45 per […] Read more



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U.S. livestock: CME cattle futures rise on support from fewer cattle placements

Chicago | Reuters – Chicago Mercantile Exchange cattle futures rose on Monday, as the market continued to be bolstered by a government report showing fewer cattle placements than expected, traders said. The USDA’s monthly cattle on feed report, released after the market close on Friday, showed September cattle placements at 97% year-over-year, beneath trade estimates […] Read more


Boxed beef exports are up 25 per cent from this time one year ago.

Boxed beef exports strong, non-fed cattle prices down sharply

The Markets with Deb McMillin, from the November 2021 issue of Canadian Cattlemen

Fed cattle Fed cattle prices are trading mostly sideways. As of mid-October, the fed steer cash average in Alberta had ranged from $156/ cwt to $158/cwt over the past seven weeks. The mid-October average is $156.81/cwt. Basis is still at a premium, with the spot basis at +$2.90/cwt, compared to a five-year average of -$1.84/cwt. […] Read more

The preconditioning study includes 250 calves raised at W.A. Ranches and fully preconditioned, along with another 250 purchased, conventionally weaned calves.

Study delves deeper into preconditioning calves

Researchers are exploring disease prevention, economics and performance benefits on feeder calves

Though the practice of preconditioning calves is relatively well known, not everyone agrees on the definition of the term. Confusion over what preconditioning entails may be partly to blame for reports of inconsistent returns on investment, says one researcher. “To me, it’s way more than just optimizing a vaccination protocol,” says Dr. Karin Orsel, veterinary […] Read more





Feeder cattle markets steady despite high feed grain prices

The Markets with Deb McMillin, from the October 18, 2021 issue of Canadian Cattlemen

Fed cattle Fed cattle prices have held a steady trading range over the past several weeks. The last full trading week in September saw the Alberta fed steer average $158.01/cwt, which was $24/cwt higher than the same week in 2020. This sideways trading pattern shifted the fed spot basis back to a premium position, $0.45/cwt […] Read more

(File photo by Dave Bedard)

Walmart stakes big claim on Canadian sustainable beef

Retailer pledges to take over 680 tonnes in 2022

The Canadian arm of the world’s biggest retailer has put a number to its previous commitment to source certified-sustainable beef for its grocery business. Walmart Canada on Thursday announced it has committed to buy 1.5 million pounds of beef sourced from farms and ranches certified to Canadian Roundtable for Sustainable Beef (CRSB) standards over the […] Read more