GFM Network News

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

McMillin: Fed-cattle prices stubborn to move

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

Fed cattle December is typically a strong month for fed cattle prices and while prices have started moving higher, the rate of increase has been disappointing. Recent foodservice restrictions, cancelled holiday parties, uncertainty around jobs and income all have an impact on beef movement. However, more people working from home and limited restaurant spending has […] Read more

Feeder cattle market digesting many variables

Market Talk with Jerry Klassen

I’ve received many inquiries over the past couple of months about the market outlook for feeder cattle. Yearling prices have been very strong throughout the fall period trading at or above 52-week highs; however, prices for calves in the 500- to 700-pound weight category are down $10 to $20 from elevated levels during spring. In […] Read more

Klassen: Feeder market grinds lower

'Is there no grain in this country?'

Compared to last week, prices for western Canadian yearlings weighing over 900 lbs. were down $4-$8 on average; yearlings weighing between 800-900 lbs. were down $2-$4; calves under 800 lbs. were down $8-$12, with the exception of Manitoba, where lighter calves traded $3-$5 below week-ago levels. Feedlot operators are asking, is there no grain in […] Read more

Larger carcass weights and falling live cattle futures made way for lower fed cattle prices by mid-October.

McMillin: Cattle prices come under pressure

The Markets with Deb McMillin, from the November 2020 issue of Canadian Cattlemen

Fed Cattle Larger carcass weights and falling live cattle futures made way for lower fed cattle prices by mid-October. Slaughter rates remain solid while packers work through the remaining backlog. However, carcass weights have crept up in recent weeks in Canada, sounding a cautionary tone as feedlots become less current and more pounds must work […] Read more

Cattle-on-feed numbers in Alberta and Saskatchewan totalled 772,889 head on September 1.

McMillin: Cattle-on-feed numbers above year-ago levels

The Markets with Deb McMillin, from the October 2020 issue of Canadian Cattlemen

Fed cattle Fed cattle prices held mostly steady in September, with a sideways trading range of $133/cwt to $134/cwt. The week ending September 25 saw fed cattle prices average $134.01/cwt; however, cattle were purchased with a longer pickup time and buyers were less aggressive, leaving the market slightly softer as September ended. Increased carcass weights […] Read more

Cattle prices hold mostly steady

The Markets with Deb McMillin, from the September 28, 2020 issue of Canadian Cattlemen

Fed cattle Good demand, strong cut-out value, steady kill rates and good retail featuring have contributed to mostly steady prices throughout the summer months. However, the start of September brought a seasonally lower move in the cash fed cattle market. Typically, larger front-end supplies lead to longer packer lift times and larger carcass weights. This […] Read more

Klassen: Yearling market remains red hot

Barley harvest well underway in southern Alberta

Compared to last week, western Canadian yearling prices were $2-$4 higher on average; however, in southern Alberta, yearlings traded $6-$8 above week-ago levels. A few auction barns in Alberta held their first feature sales of the fall run and buyers showed up with both hands. The quality of yearlings coming off grass is excellent and […] Read more