Characteristics of the cattle market

Characteristics of the cattle market

Market Talk with Jerry Klassen

Every year, I am a guest lecturer to a third-year agriculture economics class at the University of Manitoba. During the lecture, I provide an overview of the fed cattle market. More recently, I was having a discussion with feedlot operators, and they asked about the key to successful marketing and profitability for the feedlot operator. […] Read more

CME August 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

Klassen: Stronger deferred live cattle support feeder market

Cow-calf operators seen hesitant to expand

Compared to last week, western Canadian yearling markets traded $2-$3 on either side of unchanged. Calf prices were mostly unchanged compared to seven days earlier; however, there were pockets where buyers reported prices up $2-$3 on average. The Alberta calf market appeared to stage a minor recovery after softening over the past month. Manitoba markets […] Read more


Photo: Thinkstock

U.S. livestock: Supply concerns drive CME live cattle to new contract high

Chicago | Reuters – Chicago Mercantile Exchange live cattle futures closed higher and reached a new contract high on Wednesday amid concerns about tightening U.S. supplies, brokers said. Strong recent gains have left the market technically overbought and due for a setback, brokers said. “We’ve had a nice rally here,” said Matt Wiegand, commodity broker […] Read more

Cattle liners at Red Deer, Alta. CFIA is requiring Transfer of Care documents for both short and long haul.

Auction marts, cattle groups apprehensive about Transfer of Care requirements

Industry leaders cite good track record on animal welfare, ask for short-haul exemption

Pacing the stage, Reg Schellenberg urged producers to take charge of the Transfer of Care issue, which will require more documentation from people hauling cattle near and far. “If you take the lead as producers, you own it,” he says. “If the government takes the lead, they own it. We know what that’ll be like. […] Read more


Brazilian meatpacker JBS SA’s logo on a tower in Jundiai, northwest of Sao Paulo in southeastern Brazil, on June 1, 2017. (File photo: Reuters/Paulo Whitaker)

JBS quarterly profit falls almost 10 per cent but tops estimates

Cattle prices 'above the expected level'

Sao Paulo | Reuters — JBS, the world’s largest meatpacker, posted an almost 10 per cent drop in net profits, to US$766 million, driven by the relative weakness of its U.S. beef and pork units in the second quarter, according to an earnings statement on Thursday. Still, it beat analysts’ forecasts. JBS reported a 4.6 […] Read more

(GFM Staff photo)

National cattle producer group rebrands

Former Canadian Cattlemen's Association renamed

Canada’s national beef cattle producer body is rebranding under a slightly shorter new name that serves in part to clear away any potential whiff of a guys-only club. The organization formerly known as the Canadian Cattlemen’s Association on Thursday launched what it describes as a “a new brand identity, highlighting the strong and diverse group […] Read more


Traditional extension services have declined significantly.

Knowledge and Technology Transfer more useful, more relevant

Research on the Record with Reynold Bergen

When the Beef Cattle Research Council formed nearly 25 years ago, we simply funded research projects and relied on researchers and provincial extension services to help producers learn about and adopt relevant results on their operations. We deliberately didn’t do much extension because we didn’t want to give governments an excuse to reduce their extension […] Read more

CME December 2022 live cattle (candlesticks) with Bollinger bands (20,2). (Barchart)

Klassen: Feeder market showing strength in deferred positions

Compared to last week, western Canadian yearling prices were $3-$5 lower on average while calves traded steady to $4 lower. Outside central Alberta, the steer-heifer spread appeared to widen by $2-$4. Strength in corn futures contributed to the defensive tone. Feedlot operators buying hand-to-mouth have been caught off guard with the recent jump in feed […] Read more



(JBSs.infoinvest.com.br)

JBS to help fund home purchases for Brooks staff

Company offering zero-interest loans for down payments

One of the biggest beef packers operating in Canada is pledging $1.7 million for a one-year pilot program to help employees buy or upgrade homes. JBS Foods Canada, which operates Brazilian meat packer JBS’s plant at Brooks, Alta., on Tuesday announced the launch of what it calls the “Homebuyer Dream Fund,” providing zero-interest loans to […] Read more