GFM Network News


Klassen: Feeder market lacks buying interest

Market gives in to pressure from Chicago futures

Compared to last week, western Canadian feeder cattle markets traded $5-$8 lower on average, with yearlings dropping as much as $10-$12 in certain areas. It appears buyers are incorporating a risk discount due to uncertainty in beef demand longer-term. Rising unemployment levels, sluggish consumer confidence and a sharp drop in disposable income are all factors […] Read more

Feed weekly outlook: Barley, wheat remain firm

Feed corn values follow U.S. ethanol lower

MarketsFarm — Prices for feed barley and wheat have firmed up across the Prairies amid the COVID-19 pandemic, said trader Allen Pirness of Market Place Commodities in Lethbridge. However, he also noted corn prices have fallen due to the steep decline in the U.S. ethanol industry. The Saudi Arabia/Russia crude oil price war put enormous […] Read more


Alberta’s provincial meat inspectors to train for federal duty

Provincial inspectors to be seconded to CFIA-inspected packers

Provincial meat inspectors in Alberta could soon be seconded to federally inspected packing plants under a new work-sharing arrangement between the province and Canadian Food Inspection Agency. The federal and Alberta governments announced Wednesday they would partner to “increase food inspector capacity” in the province and thus “ensure the continuous operation of Alberta’s food supply […] Read more



Alberta’s Harmony Beef halts slaughter on positive COVID-19 test

CFIA pulls inspectors after plant employee tests positive

Ottawa/Winnipeg | Reuters — Harmony Beef, an Alberta packing plant, halted cattle slaughter on Friday after the Canadian Food Inspection Agency (CFIA) kept some inspectors from work, due to a positive test for COVID-19 by a Harmony worker, the company said. The partial closure follows a positive COVID-19 test by a worker at U.S. chicken […] Read more



Prairie cash wheat: Spring wheat drops, durum steady

MGEX, CBOT, K.C. May wheats down on week

MarketsFarm — Prairie wheat bids for Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheat were lower for the week ended Thursday, following losses in U.S. futures. Canada Western Amber Durum (CWAD) largely held steady, buoyed by a weaker Canadian dollar, which lost about six-10ths of a cent. Average CWRS (13.5 per […] Read more

More tax deferral zones announced for ranchers

Final list released for 2019 tax year

More ranchers who were up against a dry 2019 may now be eligible to defer some income from their livestock sales for the income tax year. The federal government on Tuesday released the “final list” of designated regions where income tax deferral on sales of breeding livestock has been authorized for 2019. In a prescribed […] Read more


Average Prairie heat, more rain in summer forecast

MarketsFarm — Canada’s Prairies should see higher-than-normal precipitation and generally average temperatures during the 2020 growing season, according to a forecast from Scott Kehler of Weatherlogics. Speaking Thursday at CropConnect in Winnipeg, Kehler said “there’s not really a strong pattern one way or the other” when it comes to the temperature outlook. The Weatherlogics forecast […] Read more

Subsidy for grain dryer upgrades in Alberta draws critics

Concerns are being raised over a new program for grain drying being offered to Alberta residents. The federal and Alberta governments recently announced Alberta farmers seeking to make grain dryer improvements will have access to funding through the Canadian Agricultural Partnership. The Efficient Grain Dryer Program aims to cover costs for energy efficiency improvements to […] Read more