GFM Network News

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

Klassen: Feeder market remains under pressure

Compared to last week, western Canadian feeder cattle prices were steady to $3 lower in Alberta while prices eroded by $2-$5 in Saskatchewan and Manitoba. Noticeable weakness was evident in yearling prices, while grass cattle experienced limited slippage. Backgrounding operators are starting to liquidate fall-placed calves. Quality was quite variable, with fleshier cattle experiencing sharper […] Read more

Tight supplies and the current feeding sector are setting the tone for stronger first-quarter prices.

Tight supplies push fed cattle cash prices higher

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

Fed Cattle The fed cattle cash market had a great start in 2020. Tight market-ready supplies helped push prices higher and led to current feedlots as cattle were pulled ahead to sell into the stronger market. The fed steer price averaged $163.64/cwt the second week of the year, an improvement of $9/cwt from the beginning […] Read more

Klassen: Feeder market lacks buying interest

Compared to last week, western Canadian feeder cattle markets traded $2-$5 lower on average. Values in Alberta were relatively unchanged but markets in the eastern Prairie regions appeared to trade $4 to as much as $6 below week-ago levels. Alberta yearlings were relatively unchanged, but noticeable slippage was noted in the non-major feeding regions. Feedlots […] Read more

Good beef demand in 2019 supports fed cattle prices

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

Fed Cattle Demand has been key in 2019. Good beef demand in both Canada and the U.S. has supported fed cattle prices throughout the year. Fed prices rallied again in November and early December in Western Canada. Support coming from tighter front-end supply and growing holiday demand led to a 13 per cent increase in […] Read more

Klassen: Feeder market remains firm

Feeder cattle markets experienced light volumes during the final week of December and prices were relatively unchanged compared to week-ago levels. Yearling values were slightly softer, as these cattle will not have enough time to be ready for the April fed market. Buying interest for mid-weight categories was characterized as sluggish, while light-weight bawlers were […] Read more