Photo: Canada Beef Inc.

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

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

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



Manitoba's auction markets are now closed to non-essential personnel.

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

(WPohlDesign/iStock/Getty Images)

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


(Photo courtesy Canada Beef Inc.)

Klassen: Yearling prices remain firm

Compared to last week, western Canadian yearling markets were relatively unchanged with the exception of southern Alberta where 800-plus-lb. feeders traded $5 to as much as $8 higher. Strength in deferred live cattle futures and weakness in barley prices were the main factors driving demand in the Lethbridge area. The U.S. Department of Agriculture’s bullish […] Read more

CME October 2019 feeder cattle with 20-, 50- and 100-day moving averages. (Barchart)

Klassen: Feeder cattle market remains volatile

Western Canadian yearling markets appeared to stabilize after coming under pressure earlier in the month. Compared to last week, yearling prices were unchanged to $4 higher on average while calf markets traded $2-$3 on either side of unchanged. Major feedlots were more aggressive for 800-plus-lb. cattle as feed grain prices continue to grind lower. Favourable […] Read more


Adverse weather has had an impact on the U.S. fed cattle market in 2019.

Beef prices weather the weather

Prime Cuts with Steve Kay

The U.S. beef market is proving to be remarkably resilient this year. Summer heat has finally given way to cooler weather. But beef demand held up remarkably well in the heat and domestic demand in July was actually better than last year. Now the market has the Labor Day holiday behind it, which usually boosts […] Read more

This spring had cattle-on-feed placements sharply higher than year-ago levels in the mid-weight categories which will result in a sharp year-over-year increase in market-ready supplies this fall.

Soft beef demand outlook for September and October

Market Talk with Jerry Klassen

Alberta fed cattle prices have been hovering in the range of $143 to $148 throughout the summer period. The market has been relatively stable without any major changes to supply and demand. Looking forward, beef production is expected to increase during September and October. At the same time, demand moves through a seasonal low. It’s […] Read more