
Tag Archives cattle markets

Constellation of cattle futures prices and futures markets spreads
Market Talk with Jerry Klassen
The live and feeder cattle futures markets experienced sharp downward price behaviour during the final quarter of 2024. Although the price weakness was being influenced by the nearby fundamentals, the deferred live and feeder cattle contracts were also trending lower. In this article, I’m going to discuss market behaviour referred to as the “constellation of […] Read more

Wholesale price drop pressures fed cattle prices
The Markets with Deb McMillin, from the February 2024 issue of Canadian Cattlemen
Fed cattle A drop in wholesale prices — in particular the choice cutout value — has in part pressured fed cattle prices lower. Beef demand concerns were evident as we started the new year as retail beef prices are high and cost of living for consumers continues to increase. Since the start of 2024, the […] Read more

Rough quarter ends 2023
Prime Cuts with Steve Kay
The U.S. beef industry will be hoping for a far better start to 2024 than what occurred in 2023’s fourth quarter. A month remained when I wrote this but the five weeks from the third week of October saw a $9.38 per cwt live decline in fed cattle prices and a $9.89 per cwt decline […] Read more

Klassen: Yearling return to the lineup on strong demand
Frigid temperatures result in limited volumes
The market hasn’t missed a beat and started the year where it left in December. The only difference is there are larger supplies of yearlings coming on stream. The benchmark levels had backgrounded steers averaging 1,000 pounds trading from $280-$285/cwt with top bids rounding at $290/cwt. Steers averaging 850-pounds were averaging $300/cwt with top-notch larger groups peaking at $305.

Fed cattle supplies are not tight
Market Talk with Jerry Klassen
The April 2024 live cattle futures reached a contract high of $199.82/cwt on September 15. Since then, the cash and futures markets have been grinding lower and at the time of writing this article, the April live cattle contract was at $175.50/cwt. I’ve received many calls from feedlot operators inquiring about market direction for the […] Read more

Auction mart report for the week of December 8, 2023
Regional market analysis from Alberta, courtesy of the Livestock Markets Association of Canada Members
Southern Alberta, Courtesy of Perlich Bros. 300 yearlings and calves sold this week. Only a few weeks left to get your cattle marketed as things slow down for the Christmas season. Three-hundred-and-thirteen cows and bulls sold steady with good buyer interest in the younger cows. We have lots of good quality bred cattle on offer […] Read more

Grid sales grow for beef cattle
Prime Cuts with Steve Kay
The U.S. beef industry for many years wrung its collective hands about the declining negotiated cash market for live cattle. Organizations such as the National Cattlemen’s Beef Association and its predecessor spent countless hours in public and private meetings trying to find ways to improve sales without interfering with the market. That they largely failed […] Read more

Auction mart report for the week of Oct. 27, 2023
Regional market analysis from Manitoba and Saskatchewan, courtesy of the Livestock Markets Association of Canada members
Southern Saskatchewan, courtesy of Whitewood Livestock This week 2,900 cattle went through the ring, with half heading to southern Alberta, 35 per cent to Eastern Canada, 10 per cent to the U.S. and five per cent to local buyers. The majority (97 per cent) of those animals were fresh calves, and the remainder split evenly […] Read more

Feeder cattle outside finishing feedlots
Market Talk with Jerry Klassen
Feeder cattle prices in Canada and the U.S. have been trading at or near historical highs. I’ve received many phone calls and emails from cow-calf producers and feedlot operators inquiring about further upside in the feeder cattle complex. Recently, the USDA and Statistics Canada released their semi-annual cattle inventory surveys. The cattle herd remains in […] Read more

Feeder cattle reach record-high prices third week of September
The Markets with Deb McMillin, from the October 17, 2023 issue of Canadian Cattlemen
Fed cattle Fed cattle prices surpassed expectations for the summer market, only experiencing a moderate downside through the third quarter of 2023. Recently, the market has held mostly steady, trading between $231/cwt and $233/cwt. The third week of September posted a fed steer average of $232.87/cwt, which is $50.93/cwt higher when compared to the same […] Read more