GFM Network News

Feeder placement has been slower though the fall run of 2019 than in recent years.

Domestic, export demand supporting fed cattle prices

The Markets with Deb McMillin, from the November 2019 issue of Canadian Cattlemen

Fed cattle The western Canadian cash bids have seen week-over-week increases since mid-September. At mid-October, fed prices were nearing $144/cwt. This is $7.57/cwt higher than the low set in August but still $6.38/cwt below the average price the same week last year. Although carcass weights are 10 lbs. heavier than a year ago — at […] Read more

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

Klassen: Feeder cattle market stabilizes

Compared to last week, Western Canadian feeder cattle markets traded $2 to $3 on either side of unchanged. Most auction barns held feature sales over the past week and steady demand was noted across the prairies. Calves appeared to gain momentum late in the week with favorable weather enhancing buying interest; however, yearlings were quite […] Read more

U.S. livestock: Live cattle jump as beef stocks tighten, funds buy

Chicago | Reuters –– U.S. live cattle futures scaled to their highest point in 5-1/2 months on Wednesday as tighter-than-expected beef stocks and rising cash beef prices triggered active fund buying that took prices through key technical resistance levels. Actively traded contracts posted their strongest gains in nearly a month, breaking out of a narrow […] Read more

U.S. livestock: Lean hogs end mostly higher

Chicago | Reuters — U.S. lean hog futures closed mostly higher on Monday as hopes for rising demand for U.S. pork exports, particularly from China, more than offset near-term pressure from plentiful hog supplies. Investor caution kept hog futures in a narrow trading range following a roller-coaster session on Friday in which the market surged […] Read more

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