cow in a feedlot

Where are all these feeder cattle coming from?

Market Talk with Jerry Klassen

U.S. and western Canadian feeder cattle prices have been consolidating over the past month. Higher-quality medium-flesh steers averaging 850 pounds have been trading in the range of $180-$185 while 600-pound steers have been trading in the range of $220-$230. Earlier in winter, I and many other analysts were expecting placements into U.S. and Canadian feedlots […] Read more

During the pandemic, consumers in the U.S and Canada ate more beef at higher prices.

Beef demand appears to be shifting

Market Talk with Jerry Klassen

I’ve received many inquiries from cattle producers regarding beef demand. Throughout the pandemic, consumers ate more beef at higher prices. This was the only recession in history where incomes increased on average due to government stimulus packages. There was also a change in taste or change in behaviour. Social restrictions and the fear of catching […] Read more


An increase in Brazilian corn production will likely offset a large portion of the shortfall in Ukrainian corn exports.

Feed grain summary

Market Talk with Jerry Klassen

Cattle producers have faced an uphill battle securing feed grain supplies during the 2021-22 crop year. After last year’s drought, which decimated the barley crop, many feedlots switched over to using U.S. corn. The large volume of purchases, along with winter conditions, resulted in rail delays, which has been common in Western Canada over the […] Read more

(Photo courtesy Canada Beef Inc.)

Fed cattle supply outlook

Market Talk with Jerry Klassen

I’ve received many inquiries from cow-calf producers and feedlot operators regarding the fed cattle outlook for the spring and summer time frame. The Alberta fed cattle market has been trading at a discount to prices in Nebraska and Kansas. It appears that there is a backlog of market-ready supplies similar to last year. The Western […] Read more


Photo: File

Feed grain outlook

Market Talk with Jerry Klassen

I’ve received many inquiries from feedlot operators and cow-calf producers regarding the feed grain outlook for 2022. Barley prices continue to trade near historical highs. Western Canadian imports of U.S. corn are also poised to set a record during the 2021-22 crop year. Given the higher prices for corn and barley in Western Canada, feeder […] Read more

History tells us that when U.S. inflation exceeds six per cent, this is usually the onset of a recession.

Interest rates and inflation

Market Talk with Jerry Klassen

Economic headlines over the past year have been dominated by interest rates, inflation, real earnings and consumer spending. For cattle producers, most of the information doesn’t appear to be relevant for day-to-day operations. However, longer-term, these factors have a large effect on the bottom line for the cattle operation. It’s prudent that cattle producers realize […] Read more


The smaller your operation, the more you need to learn and the more you need to spend on market analysis.

Does market analysis enhance your profitability?

Market Talk with Jerry Klassen

I’ve received many calls from cattle producers over the past few months regarding the feed and forage markets. The drought resulted in lower western Canadian grain and oilseed production. Forage crops were also devastated in many regions. Cow-calf producers are struggling with historical high forage and hay prices. Feedlot operators are facing the highest feed […] Read more

(Photo courtesy Canada Beef Inc.)

Feeder cattle market outlook

Market Talk with Jerry Klassen

I’ve received many inquiries from cow-calf producers and backgrounding operators regarding the price outlook for feeder cattle. Western Canadian yearling prices made fresh 52-week highs earlier in fall; however, calf prices have been rather sluggish. In many cases, Alberta calf markets have been trading $5 to $10 below year-ago levels. Cow-calf producers are asking when […] Read more


The Canadian calf crop has been relatively flat in the past three years and we’re not likely going to see much of a change for 2021.

Where are we in the cattle cycle?

Market Talk with Jerry Klassen

I’ve received many calls from cow-calf producers inquiring about the U.S. and cattle cycle. The recent droughts in the U.S. and Western Canada have resulted in a year-over-year increase in the cow slaughter. Many producers in Canada and the U.S. have liquidated a portion of their herds due to limited feed supply. At the same […] Read more

Canadian dollar forecast

Canadian dollar forecast

Market Talk with Jerry Klassen

During March 2020, the Canadian dollar dipped to a four-year low, near 68 U.S. cents, at the onset of the COVID recession. Central banks across the world responded with an aggressive monetary policy to stimulate the economy. The U.S. Federal Reserve and the Bank of Canada dropped their interest rate to historical lows. The two […] Read more