GFM Network News



Decreased prices, market uncertainty and reduced available pen space led to fewer placements in April.

Weekly slaughter levels lowest in decades

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

Fed cattle This spring, weekly slaughter levels were nearly 60 per cent lower than a year ago and the lowest recorded since 1973. From mid-March to the first week of May, the cash market dropped $50.56/cwt to reach a low of $107.00/cwt. Although volumes are light, losses on cattle sold into this lower-cash market are […] Read more


Being on the cusp of grilling season, the timing could not be worse.

COVID-19’s continuing chaos

Prime Cuts with Steve Kay

As I write this on April 6, the April live cattle futures contract here in the U.S. has closed down its 450-point extended daily limit for the fourth day in a row. The contract closed at US$83.82 per cwt, thus losing 1,800 points in those four days. In contrast, the contract settled on February 21 […] Read more

There are many ways to improve marketing tactics, says Brian Perillat, manager and senior analyst at Canfax.

Marketing game plan crucial in uncertain times

Here’s how to craft marketing tactics to manage risk and fatten your profit margin

Beef producers face many uncertainties, from weather to market fluctuations. Profit margins are thin or even negative. All that risk and uncertainty can make it difficult to develop a good marketing plan or know when to tweak marketing strategies. But unexpected events are one reason producers need a good plan, says Anne Wasko, a market […] Read more


Market uncertainty continues to drive live cattle futures lower.

Reduced shifts, closures see cash cattle prices sink

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

Fed cattle Fed cattle cash prices in recent weeks have moved sharply lower as uncertainty in the market continues to drive live cattle futures lower. Reduced packing plant shifts and temporary closures across North America in recent weeks have pressured the market. Disruptions to consumers’ lives and livelihoods have shifted consumer spending. Product demand at […] Read more



Klassen: Weaker fed cattle prices weigh on feeder market

It appears finishing feedlots and cattle buyers are coming to terms with the fact that the COVID-19 pandemic may last longer than earlier anticipated. The “hope” factor that this environment will be short-lived has evaporated. Compared to last week, western Canadian feeder cattle markets traded $3 to as much as $10 lower, with yearlings absorbing […] Read more



The coronavirus’s spread has shifted beef consumer behaviours to end cuts and grinding and trim products.

COVID-19 pandemic sees cattle markets plunge

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

Fed Cattle Global uncertainty resulting from the rapidly changing COVID-19 pandemic has caused all financial and commodity markets to struggle. The cattle markets have not been excluded from this as we have watched the fed cattle price plummet in recent weeks. The fed cattle cash average is $141.54/cwt, which is $22/cwt lower than the high […] Read more

Uncertainty drags on Canadian cattle markets

Beef demand is strong but cattle prices are under pressure, Canfax says

Cattle markets have tumbled as a result of COVID-19, according to the senior analyst at Canfax. “Feeder markets are off pretty hard, some of them are off 15 to 20 cents a pound, this week,” Brian Perillat said Tuesday. “They have been depressed over the last month. Feedlots too. Fed price is at the low […] Read more