GFM Network News


cattleman on a horse

Cattle producers put their money…

Prime Cuts with Steve Kay

Beef producers have complained for years about how a few large companies dominate beef processing and how much money they make. That domination is nothing new. It goes back a century or more. But despite what some people think, it has not prevented a small but constant stream of new entrants into the sector. As […] Read more

Alberta fed cattle market outlook

Alberta fed cattle market outlook

Market Talk with Jerry Klassen

Alberta packers were buying fed cattle in the range of $150 to $152 FOB the feedlot during the last week of January. This compares to average values of $136 to $138 FOB the feedlot during the month of December. While prices have stabilized for the time being, there is a fair amount of uncertainty moving […] Read more


U.S. packers saw record operating margins throughout last year, but cattle feeders and producers saw slim or even negative returns.

Hopes for a more normal year in the cattle industry

Prime Cuts with Steve Kay

The North American beef industry started 2021 with cautious optimism of a return to normalized markets and pricing patterns. The industry especially hopes that even if the COVID-19 pandemic continues well into the year, markets will avoid the kind of extreme volatility seen last year. U.S. packers saw record operating margins throughout last year. But […] Read more

(Photo courtesy Canada Beef Inc.)

Klassen: Feeder market bounces on optimistic outlook

Feed barley remains near historical highs

Compared to last week, western Canadian yearling prices traded $2-$4 higher; prices for mid-weight calves were quoted $4-$8 above week-ago levels. Calves under 550 lbs. traded $6 to as much as $10 higher compared to seven days earlier. Improving feedlot margins were the main factor driving the feeder market. June and August live cattle futures […] Read more


(Photo courtesy Canada Beef Inc.)

Fed cattle supply interest picks up in new year

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

Fed cattle The start of fed cattle trading in 2021 saw active interest in supply with prices higher than year-end. The backlog from the spring of 2020 appears to have been cleaned up and packers are looking to secure additional inventory. The first weekly average reported in 2021 was $145.53/cwt. This was $1.16/cwt higher than […] Read more



(Photo courtesy Canada Beef Inc.)

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

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