GFM Network News


The Federal Reserve’s influence on cattle prices

Market Talk with Jerry Klassen

The U.S. Federal Reserve cut its key benchmark rate by 25 basis points on October 30, bringing its lending rate to the range of 1.50 per cent to 1.75 per cent. This was the third rate cut since July and it appears that Federal Reserve Chairman Powell will wait for further economic data before making […] Read more

Canadian beef exports to Japan have grown substantially in 2019.

Beef and veal exports up in 2019

Markets: News Roundup from the December 2019 issue of Canadian Cattlemen

The latest numbers from Agriculture and Agri-Food Canada and Statistics Canada show that beef and veal exports grew significantly in 2019. As of September 30, Canada had exported a total of 330,757 tonnes of beef and veal, compared to 294,527 in the same period last year, a growth of 12 per cent. The dollar value […] Read more


Behind Maple Leaf Foods’ bold call to become carbon neutral

Maple Leaf Foods wants to be carbon neutral for one reason. Its emphasis is no longer about supply-side economics but rather about listening to and serving a market in desperate need of attention

Maple Leaf Foods is not just pretending to be environmentally friendly, it is trying to be a trailblazer in the wild kingdom of proteins. The company has just adopted science-based targets that will help it become the first major agrifood company in the world to be carbon neutral. Clearly motivated by the carbon tax and […] Read more

Increasing Canadian barley production is likely to keep the market under pressure for the 2019-20 crop year.

Fall feed barley update

Market Talk with Jerry Klassen

It’s that time of year when I receive many inquiries about the feed barley outlook. During late June and early July, feed barley in the Lethbridge area was trading in the range of $285/mt to as high as $300/mt. At the time of writing this article in early September, feed barley was trading from $210/mt […] Read more


The U.S. bond yield premium over Canadian bond yields is eroding.

Canadian dollar enters fresh fundamentals: Klassen

Market Talk with Jerry Klassen

Canadian fed and feeder cattle prices have been enhanced by the weaker exchange rate since oil prices crumbled back in the spring of 2014. At that time, the Canadian dollar was highly correlated with crude oil values. The Canadian election in 2015 contributed to the softer currency as the Liberal fiscal policies were negative for […] Read more

A variety of factors produced record profits for all processors of fed cattle last year.

Beef packers enjoy purple profit patch

Prime Cuts with Steve Kay

North American beef processors are enjoying an extended period of profits that is unprecedented in the industry’s history. Packers on both sides of the border are seeing margins that would have been unthinkable five years ago. U.S. packers racked up record profits in 2017, surpassed them in 2018 and are on track for more records […] Read more


Merck acquiring owners of Allflex ear tags

Traceability: News Roundup from the February 2019 issue of Canadian Cattlemen

Merck is set to acquire the Antelliq Group for $2.37 billion, Drovers Daily reports. Merck will also assume the company’s remaining debt. Antelliq will operate as a subsidiary of Merck Animal Health Division. Antelliq Group, formerly known as the Allflex Group, owns Allflex ear tags and SCR dairy monitoring technology. In a 12-month period ending […] 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


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

Undeterred by tariffs, U.S. beef exports were up nine per cent from a year ago seen January through August.

Tariffs remain irritant

Prime Cuts with Steve Kay

One word — relief — summed up the completion of a new trade pact to replace the North American Free Trade Agreement. Agricultural leaders in Canada, the U.S. and Mexico all breathed deep sighs of relief after the three countries signed the new U.S.-Mexico-Canada Agreement. That’s because the new pact leaves intact all the elements […] Read more