GFM Network News


Boxed beef exports are up 25 per cent from this time one year ago.

Boxed beef exports strong, non-fed cattle prices down sharply

The Markets with Deb McMillin, from the November 2021 issue of Canadian Cattlemen

Fed cattle Fed cattle prices are trading mostly sideways. As of mid-October, the fed steer cash average in Alberta had ranged from $156/ cwt to $158/cwt over the past seven weeks. The mid-October average is $156.81/cwt. Basis is still at a premium, with the spot basis at +$2.90/cwt, compared to a five-year average of -$1.84/cwt. […] Read more

Fed cattle prices see slight increase, beef demand strong

Fed cattle prices see slight increase, beef demand strong

The Markets with Deb McMillin, from the September 2021 issue of Canadian Cattlemen

Fed cattle After three weeks of hovering around $150/cwt, the average Alberta fed cattle price increased slightly by mid-August to $151.43/cwt. That is $17.32/cwt higher than one year ago when we were still working through the COVID backlog, and over $9/cwt higher than the five-year average. While sale prices are above last year, the high […] Read more


Negotiated cash report, packer struggles

Negotiated cash report, packer struggles

Free Market Reflections with Steve Dittmer

The National Cattlemen’s Beef Association (NCBA) reported on the first quarter of monitoring the share of U.S. cattle bought through negotiated cash vs. other procurement methods. Not too surprisingly, there was good news and bad news, for those favouring more negotiated cash sales. The regions that customarily sell more finished cattle through negotiated cash sales […] Read more

CME February 2021 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Live cattle advance in bargain-buying bounce

CME lean hogs drop

Chicago | Reuters — U.S. live cattle futures firmed for a second straight day on Thursday on bargain buying and speculative buying after prices hit 2-1/2 week lows earlier this week. Futures firmed despite lower cash cattle prices and tumbling beef prices as packer demand held stable and processing margins remained profitable. “With the early […] Read more


The U.S. cattle herd is in a contraction phase and will likely shrink over the next couple of years.

A post-U.S. election discussion

Market Talk with Jerry Klassen

I’ve received many calls from cattle producers regarding the outlook of the U.S. election. At the time of writing this article, it appears that Joe Biden will be the next U.S. president. This is a large unknown but barring any trade barriers, the cattle market should function normally. President-elect Biden wants to improve the U.S. […] Read more

Cattle markets remain in recovery mode

Cattle markets remain in recovery mode

Prime Cuts with Steve Kay

The market for fed cattle in the U.S. is now out of intensive care. But it remains in recovery mode after the COVID-19 pandemic had an impact on cattle prices from mid-April through mid-July. Prices advanced US$7.05 per cwt live (based on USDA’s five-area steer average) in the four weeks to the week ended October […] Read more


CME February 2021 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Live cattle futures up two per cent

U.S. feedlot data, beef prices supportive

Chicago | Reuters — U.S. cattle futures closed higher on Monday, buoyed by Friday’s supportive monthly Cattle on Feed report, rising wholesale beef prices and strength on Wall Street tied to hopes for a COVID-19 vaccine, traders said. “All of the above (suggest) optimism for the meat market,” said Jason Roose, analyst and broker with […] Read more

Feeder cattle market digesting many variables

Feeder cattle market digesting many variables

Market Talk with Jerry Klassen

I’ve received many inquiries over the past couple of months about the market outlook for feeder cattle. Yearling prices have been very strong throughout the fall period trading at or above 52-week highs; however, prices for calves in the 500- to 700-pound weight category are down $10 to $20 from elevated levels during spring. In […] Read more


CME December 2020 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Lean hogs up on lower-than-expected inventory

CME live cattle follow cash cattle lower

Chicago | Reuters — U.S. lean hog futures climbed on Wednesday as traders grappled with mounting confusion on lower-than-expected slaughter rates, traders said. Wednesday’s daily U.S. hog slaughter was 489,000 head — or 2,000 fewer than the same period last year, according to data published by the U.S. Department of Agriculture. For the week to […] Read more

CME December 2020 live cattle with Bollinger (20,2) bands. (Barchart)

U.S. livestock: Cattle futures rebound on wholesale strength

Softening cash market drags on hog futures

Chicago | Reuters — U.S. live cattle futures rebounded on Tuesday, correcting after the biggest drop since June 30, amid a stronger wholesale market, traders said. Lean hogs stepped back for a second day, reflecting a softer cash market, while feeder cattle followed the cash market higher. Chicago Mercantile Exchange December live cattle futures added […] Read more