Photo: Canada Beef Inc.

Cattle market transitioning to expansion

Market Talk with Jerry Klassen

The fed and feeder cattle markets have been quite volatile over the past couple of months. Cattle producers have been overwhelmed with discussions to explain the recent price behaviour. On August 3, the U.S. Bureau of Labor Statistics reported that job growth during July was lower than expected. The live and feeder cattle futures dropped […] Read more

Fewer cattle means that beef processors have lost money most weeks in 2024.

Where are all the cattle?

Prime Cuts with Steve Kay

The question in the headline reflects the most pertinent issue facing the U.S. beef industry. That is because the U.S. cattle herd on January 1 had shrunk to its lowest level since 1951. A fifth year of herd liquidation meant the January 1 total for cattle and calves was 87.157 million head, down 1.9 per […] Read more


Photo: Canada Beef Inc.

Klassen: Feeder cattle market stabilizes

For the week ending August 31, Western Canadian feeder cattle prices were relatively unchanged compared to seven days earlier. Finishing feedlots are exuding a cautious sentiment. While order buyers had a full deck, there were upside limits. Pen-sized strings of quality yearlings traded at a premium to average values. Alberta packers were buying fed cattle […] Read more

beef packages in a grocery store

Beef demand stays unusually strong

Prime Cuts with Steve Kay

All wealth that flows to the U.S. beef industry comes from consumers at home and abroad. How much they are prepared to spend on beef largely determines whether packers, cattle feeders and producers make money or not. It is thus extremely important to monitor beef demand at retail and food service. Beef demand was strong […] Read more


Weakness in equity markets pulls cattle markets lower

Weakness in equity markets pulls cattle markets lower

Market Talk with Jerry Klassen

Live and feeder cattle futures dropped sharply in early August.  While the supply fundamentals for the cattle market hadn’t changed, the cattle futures started to incorporate a risk discount due to the uncertainty in demand. Consumer confidence appears to be decreasing and job growth has slowed. Restaurant spending made seasonal highs in June and recent […] Read more

Beef carcasses in a freezer. Beef supplies in the fourth quarter of 2024 are forecast to be down from the third quarter.

U.S. beef supplies tell a story

Market Talk with Jerry Klassen

Canadian and U.S. fed cattle markets have been trading near or at historical highs during the summer. I’ve received many calls from cattle producers inquiring about the fed cattle outlook for the fall of 2024. Everyone remembers that during the fall of 2023, the live cattle futures dropped about $30 from September through mid-November. While […] Read more


Even though so far the bird flu virus outbreak has been limited to dairy cattle, columnist Steve Kay suspects the beef industry will have a slight influenza cloud over it for a while.

Beef is safe from bird flu

Prime Cuts with Steve Kay

Who would have thought that wild birds would roil the U.S. cattle markets? That’s what happened in late March after reports that the highly pathogenic avian influenza was detected in several dairy herds and had been introduced by wild birds. Any kind of animal-related disease sends tremors through the markets and raises concerns about everything […] Read more

Factors influencing the feeder cattle market

Factors influencing the feeder cattle market

Market Talk with Jerry Klassen

I’ve received many inquiries over the past couple of months about the price outlook for feeder cattle. Many analysts focus on feeder supplies and use this to determine their view or perspective of the market; however, we all know there are additional factors that affect price direction. Corn and barley prices, exchange rates, feeding margins […] Read more


(HLS.ca/virden)

Flu outbreak sees buyers balk at beef futures

Cash prices fairly level; beef producers should look into risk management tools, analysts say

Markets have seen cattle futures (mainly live and fed) decline in recent weeks as the highly pathogenic avian influenza (HPAI) strain made its way into dairy herds in six states to date. The good news, said a cattle auction leader and market expert, is that cash prices have remained more-or-less steady amid the chaos.

The cattle market, as I see it: A correction or a bump in the road?

The cattle market, as I see it: A correction or a bump in the road?

What does the discovery of avian flu in dairy cattle mean for beef cattle prices?

When any market gets insanely high, regardless of the commodity — cattle, canola or Bitcoin — it only takes a light whisper on the wind of something negative to get a knee-jerk reaction. The Achilles’ heel of this market is some sort of apocalypse, and everyone is on the lookout for what it could possibly […] Read more