GFM Network News

Klassen: Feeder cattle prices digesting uncertainty

Defensive tone likely through January

The feeder cattle market was very quiet during the last week of December with auction barns in holiday mode. There were discussions regarding direct sales but no actual business was confirmed. The stakes are too high given the market uncertainty; a defensive tone will likely continue throughout January. Feed grains continue to percolate higher; the […] 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

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

Several initiatives are currently underway that promote sustainable beef production practices.

Sustainability efforts in the beef industry growing

Prime Cuts with Steve Kay

Sustainability was likely a word that few in the North American beef industry uttered in everyday conversation 10 years ago. Today, the word is on everyone’s lips as producers and beef packers promote and develop new programs that increase the industry’s sustainability in the eyes of beef consumers. Cargill became the first North American packer […] Read more

Larger carcass weights and falling live cattle futures made way for lower fed cattle prices by mid-October.

McMillin: Cattle prices come under pressure

The Markets with Deb McMillin, from the November 2020 issue of Canadian Cattlemen

Fed Cattle Larger carcass weights and falling live cattle futures made way for lower fed cattle prices by mid-October. Slaughter rates remain solid while packers work through the remaining backlog. However, carcass weights have crept up in recent weeks in Canada, sounding a cautionary tone as feedlots become less current and more pounds must work […] Read more

Cattle-on-feed numbers in Alberta and Saskatchewan totalled 772,889 head on September 1.

McMillin: Cattle-on-feed numbers above year-ago levels

The Markets with Deb McMillin, from the October 2020 issue of Canadian Cattlemen

Fed cattle Fed cattle prices held mostly steady in September, with a sideways trading range of $133/cwt to $134/cwt. The week ending September 25 saw fed cattle prices average $134.01/cwt; however, cattle were purchased with a longer pickup time and buyers were less aggressive, leaving the market slightly softer as September ended. Increased carcass weights […] Read more

Klassen: Feeder market digests rising COVID-19 cases

Compared to last week, western Canadian yearling prices were relatively unchanged while calves traded steady to $2 lower on average. The grain harvest is in its final stages and buying interest was noted from the farmer/backgrounding operator. The buying frenzy over yearlings has eased and finishing feedlots were active on all weight categories. Feather-light calves […] Read more