GFM Network News


The feeder cattle market softened earlier this spring; however, in yearling prices made fresh 52-week highs by early August.

The similarities between 2009 and 2020

Market Talk with Jerry Klassen

The U.S. and Canadian economies suffered the worst year-over-year contraction in GDP in history during the second quarter of 2020. U.S. GDP contracted at 32.9 per cent on an annual basis during the second quarter; the official Canadian data at the time of writing this article was not yet released but analysts expect the drop […] Read more

Feed grains outlook remains bearish

Market Talk with Jerry Klassen

It’s that time of year when I receive many inquiries regarding the feed grain outlook for the upcoming crop year. At the time of writing this article, Lethbridge area feedlots were buying feed barley in the range of $240/mt to $250/mt delivered for nearby delivery while Red Deer operations were showing bids for $228/mt to […] Read more



Feed grains outlook

Market Talk with Jerry Klassen

I’ve received many inquiries regarding the feed grain outlook for the 2020-21 crop year. Grass cattle and calves have been relatively firm over the past month despite the COVID-19 pandemic. It appears that cattle producers are banking on a very bearish corn and barley market for the upcoming fall and winter. Therefore, I thought this […] Read more


A year-over-year decline in calf crops

Market Talk with Jerry Klassen

Over the past couple of weeks, I’ve received many inquiries about the price outlook for feeder cattle. Calving season has been in full swing for over a month for many cow-calf operations. Producers are concerned about price behaviour over the next four to six months given the recent meltdown in the financial and commodity markets. […] Read more

Beef production will likely be slightly below year-ago levels during the latter half of 2020.

Fed cattle market outlook

Market Talk with Jerry Klassen

Alberta fed cattle prices reached up to $275 on a dressed basis during the first half of January but have since come under pressure. At the time of writing this article at the end of January, Alberta packers were showing bids in the range of $262 to $265 delivered. April live cattle futures reached contract […] Read more


Feed barley outlook

Market Talk with Jerry Klassen

I’ve received many inquiries from feedlot and backgrounding operators regarding the price outlook for feed barley. The Western Canadian feed grains complex made seasonal lows during September of 2019. Lethbridge area feedlots were buying feed barley at just under $200/mt delivered. However, the market started to ratchet higher during October. Adverse weather and the delayed […] Read more

After peaking in earlier October, yearling markets are now trending lower.

A few observations regarding the feeder cattle market

Market Talk with Jerry Klassen

Throughout the fall period, western Canadian calves were trading $10 to $15 below year-ago levels. Yearlings were quite firm earlier in September, reaching up to 52-week highs. After peaking in the first half of October, the yearling market has been slowly trending lower. This is counter-seasonal to price patterns we’ve seen in past years. Usually, […] Read more


The Federal Reserve’s influence on cattle prices

Market Talk with Jerry Klassen

The U.S. Federal Reserve cut its key benchmark rate by 25 basis points on October 30, bringing its lending rate to the range of 1.50 per cent to 1.75 per cent. This was the third rate cut since July and it appears that Federal Reserve Chairman Powell will wait for further economic data before making […] Read more