GFM Network News

Fed cattle prices seen higher on sustained demand

The Markets with Deb McMillin, from the December 2019 issue of Canadian Cattlemen

Fed cattle The last two weeks have seen fed cattle prices pushed higher by continued demand, the re-opened border, higher cut-out values and reduced supplies. Seasonally, fed prices are responding to demand for middle meats as buyers look towards their holiday needs in the coming month. At the same time, China announced that it has […] Read more

Klassen: Steady demand seen for all feeder cattle

Compared to last week, Western Canadian feeder cattle prices were relatively unchanged.  Yearlings supplies were limited in certain regions which caused buyers to shrug off fleshier characteristics in some cases; however, heavier yearlings over 950 pounds were somewhat softer. Finishing feedlots appeared to be more aggressive on heavier, vaccinated or pre-conditioned calves. Many auction barns […] Read more

Understanding the Commitment of Traders Report

Market Talk with Jerry Klassen

Who is long? Who is short? How much of each? This is one of the most valuable pieces of information when analyzing the futures market. The Commodity Futures Trading Commission (CFTC) publishes the Commitment of Traders Report every Friday. The report shows the futures position of larger traders as of the previous Tuesday. It’s important […] Read more

Fed cattle market wrestles with low prices

The Markets with Deb McMillin, from the October 2019 issue of Canadian Cattlemen

Fed cattle The fed cattle market has struggled in September as it looks to make its annual low. A combination of seasonal factors and the reduced kill capacity following the Tyson fire in the U.S. have contributed to lowered prices. The fed cash price has moved below break-even levels, with an average the last week […] Read more

Live cattle futures prices plummeted in the week after Tyson plant fire.

Tyson Foods fire creates ripple effect in cattle markets

Prime Cuts with Steve Kay

The North American cattle and beef industry has endured “weather” and BSE-related markets but never a “fire” market such as resulted from the fire at Tyson Foods’ Holcomb, Kansas plant on August 9. The fire took out more than 30,000 head per week of capacity for several months. The loss is most directly having an […] Read more

Klassen: Adverse weather tempers feeder market

Compared to last week, western Canadian feeder cattle markets traded $3-$5 lower. Excessive snow in Alberta and ongoing rains across Manitoba and Saskatchewan set a negative tone. The market appeared to incorporate a risk discount, although many auction barns had limited numbers on offer. Buyers once again focused on local cattle and avoided transportation over […] Read more