Characteristics of the cattle market

Characteristics of the cattle market

Market Talk with Jerry Klassen

Every year, I am a guest lecturer to a third-year agriculture economics class at the University of Manitoba. During the lecture, I provide an overview of the fed cattle market. More recently, I was having a discussion with feedlot operators, and they asked about the key to successful marketing and profitability for the feedlot operator. […] Read more

Fed cattle prices struggle in fourth quarter

Fed cattle prices struggle in fourth quarter

The Markets with Deb McMillin, from the January 2023 issue of Canadian Cattlemen

Fed cattle Fed cattle prices struggled through the fourth quarter of 2022. Front-end supplies were expected to be cleaned up before holiday demand and buying took place. However, fed sellers still struggle with front-end supply and now large fed carcass weights just keep adding pounds that need to be marketed before getting ahead of the […] Read more


While concerns about high food prices remain, there is reason to be optimistic about domestic beef consumption in 2023.

Demand for beef is key in 2023

Prime Cuts with Steve Kay

U.S. consumers in 2023 can anticipate greater availability of pork, broiler meat and turkey but less beef. Demand for all proteins will largely depend on consumer concerns about inflation and whether the U.S. economy has moved into a recession. Beef demand at retail and food service is robust. Beef currently has an advantage over pork […] Read more

Klassen: Feeder cattle market outlook

Klassen: Feeder cattle market outlook

Market Talk with Jerry Klassen

Feeder cattle markets in Western Canada have been trading near seven-year highs throughout the fall. Feeder cattle supplies are sharply below year-ago levels on both sides of the border. While supplies are tighter, demand from feedlots for replacement cattle has been significantly greater than last year. Finishing operators in Western Canada have been able to […] Read more


Despite high feed grain costs and seasonally larger supplies, the feeder calf market has held on considerably well.

Fed cattle market struggles, feeder exports seen slower

The Markets with Deb McMillin, from the December 2022 issue of Canadian Cattlemen

Fed cattle The local fed market continues to struggle. The wide basis has started to encourage additional U.S. buyer interest, but large carcass weights and longer lift times are making it difficult to stay current. Steer carcass weights are at near-record levels, at 972 lbs. in mid-November, which compares to 946 lbs. last year. The […] Read more

Concerns of a recession being just around the corner and global economic issues are weighing on consumers.

Beef demand reacting to inflationary pressures

The Markets with Deb McMillin, from the November 2022 issue of Canadian Cattlemen

Fed cattle Canadian fed cattle prices are not experiencing the price strength that has been seen recently in the U.S., which is abnormal but has been the case a few times this year. Western Canadian feedlots were not as current as was expected for October. Reduced weekly kill numbers and decreased beef exports are contributing […] Read more


Photo: Canada Beef

Klassen: Feeder cattle market experiences weather volatility 

Compared to last week, Western Canadian yearling prices traded $3 to $4 on either side of side of unchanged while calves traded $5 lower to as much as $6 higher. The calf market tends to experience a seasonal bounce every November. In certain cases, buyers appeared to step forward more aggressively last week in anticipation […] Read more

Photo: Canada Beef Inc.

Klassen: Alberta feedlot backlog limits demand for feeder cattle 

Compared to last week, Western Canadian yearling prices traded steady to $2 lower on average while calf markets were down $3 to $5. Feedlots in Alberta and Saskatchewan are backed up with significant numbers of market ready fed cattle which has set a negative tone for replacement cattle. Carcass weights are nearing historical highs. Barley […] Read more


(Photo courtesy Canada Beef Inc.)

Feeder cattle prices, auction market volumes see ‘significant jump’

The Markets with Deb McMillin, from the October 2022 issue of Canadian Cattlemen

Fed cattle The fed cattle market has continued its contra-seasonal move through the third quarter. Typically, larger fed cattle numbers with more days on feed are met with consumers pulling back as fall schedules commence along with the additional expenses that accompanying all hit at once. The third quarter has seen larger carcass weights and […] Read more

Feeder cattle outlook

Feeder cattle outlook

Market Talk with Jerry Klassen

Canadian feeder cattle prices have been percolating higher. Yearlings and calves are trading at levels not seen since 2014 and 2015. The USDA released their July 1, 2022 Cattle Inventory Report on July 23 which showed that the U.S. cattle herd continued to contract in the first half of 2022. Expectations are for a total […] Read more