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


Hamburgers On The Grill

Reality tempers optimism in U.S. beef industry

Prime Cuts with Steve Kay

Reality often tempers optimism in most parts of one’s life. When my newsletter’s website crashed in late January, I hoped a new one would be up and running in about two weeks. It took five weeks and more blood, sweat and tears than I had bargained for. This year began with much promise for the […] Read more

The constellation of prices is when the deferred live cattle futures behave and move in tandem with the nearby contract.

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


Feed grain prices poised to strengthen

Feed grain prices poised to strengthen

Market Talk with Jerry Klassen

During the first week of January, Lethbridge area feedlots were buying feed barley in the range of $310-$320/tonne delivered. In central Alberta, operations were making purchases from $270/tonne to $310/tonne. The feed barley market came under pressure in December after the release of Statistics Canada’s November crop survey. Weaker corn prices have also contributed to […] Read more

Fed cattle prices will likely continue to struggle through the first quarter of 2024.

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


Fed cattle supplies are not tight

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

With inflation having an impact on consumer spending, cattle markets will likely struggle to improve.

Fed cattle supply tightens

The Markets with Deb McMillin, from the January 2024 issue of Canadian Cattlemen

Fed cattle The fed cattle market has struggled since peaking in September. Lower fed cattle futures, lacklustre beef demand, increased beef imports and larger carcass weights contributed to lower prices in early December. The cash market was trading $8.74/cwt under the September high with a lift time of four to seven weeks. The fed cattle […] Read more


Photo: Canada Beef Inc.

Cattle prices turning lower

Market Talk with Jerry Klassen

I’ve been overwhelmed with calls over the past week as the recent issue of Canadian Cattlemen reached dinner tables and coffee shops. In the October issue, I hinted that the cattle market was turning over and would likely trend lower in the latter half of 2024. I always judge how successful my articles are by […] Read more

BeefWatch: Record-high cattle prices yet to spur herd expansion

BeefWatch: Record-high cattle prices yet to spur herd expansion

Prepared by the staff of Canfax and Canfax Research Services, divisions of the Canadian Cattle Association

Despite record-high prices for feeder cattle this spring and summer there appears to be no signal that the North American cattle herd has transitioned to the expansion phase. The heifers kept for breeding were down, as of July 1, while heifers for slaughter were up. Depleted feedstocks, record-high feeder cattle prices and widespread areas of […] Read more