GFM Network News


Canadian farmers are expected to increase barley acreage this year as U.S. farmers plant more corn acres.

Klassen: Barley outlook

Market Talk with Jerry Klassen

The feed grains complex has been volatile over the past month as the market moves through a transition phase. During the second week of May, southern Alberta feedlots were buying feed barley in the range of $255/mt to $265/mt delivered while central Alberta operations were making purchases from $240/mt to $250/mt delivered. For September delivery, […] Read more

Constellation of prices for live, feeder cattle futures

Market Talk with Jerry Klassen

The live and feeder cattle futures markets exhibit a behaviour commonly known as “the constellation of prices.” Understanding the price relationship between the live and feeder cattle futures can be invaluable when deciding to market calves or implement some type of hedging strategy using the price insurance. In this article, I’m going to discuss how […] Read more


The feeder cattle market is anticipating a surge in feedlot placements during the spring.

A few observations on the feeder cattle market

Market Talk with Jerry Klassen

Over the past month, I’ve received inquiries about the market outlook for feeder cattle. During February and March, yearling prices were grinding lower while the market for calves was near 52-week highs. There was a clear divorce in the price structure between the heavier and lighter weight categories. Therefore, I thought this would be a […] Read more

The barley market needs to encourage acreage for 2019.

Feed barley update

Market Talk with Jerry Klassen

The feed barley market has been relatively flat throughout the winter. During the last week of January, Lethbridge-area feedlots were buying feed barley in the range of $255/mt to $260/mt delivered. At the same time, central Alberta feedlots were making purchases from $245/mt to $250/mt. Barley stocks are projected to drop to historical lows by […] Read more


Feeder cattle market digesting many variables

Market Talk with Jerry Klassen

The feeder cattle market was quite volatile throughout the final quarter of 2018. The weaker Canadian dollar enhanced demand from south of the border. At the same time, domestic feedlot operators were contending with rising feed grain prices and uncertain fed cattle prices for the first and second quarters of 2019. April live cattle futures […] Read more

Canadian dollar outlook

Market Talk with Jerry Klassen

The Canadian dollar has been trading near 52-week lows, supporting fed and feeder cattle prices. Canadian year-to-date feeder cattle exports to the U.S. for the week ending November 10 were 175,122 head, up a whopping 59 per cent over year-ago levels. While fed cattle exports to the U.S. are running 19 per cent below last […] Read more


Feedlot margins are set up to move into the negative for the second quarter of 2019.

Feeder cattle outlook lower in 2019

Market Talk with Jerry Klassen

I’ve received many calls from cattle producers over the past couple of weeks with regard to the feeder cattle outlook for the spring period. Feeder cattle prices made seasonal highs during the first week of October and then started to trend lower. This weakness caught many cow-calf producers off guard as they failed to realize […] Read more



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

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