The Canadian calf crop has been relatively flat in the past three years and we’re not likely going to see much of a change for 2021.

Where are we in the cattle cycle?

Market Talk with Jerry Klassen

I’ve received many calls from cow-calf producers inquiring about the U.S. and cattle cycle. The recent droughts in the U.S. and Western Canada have resulted in a year-over-year increase in the cow slaughter. Many producers in Canada and the U.S. have liquidated a portion of their herds due to limited feed supply. At the same […] Read more

Boxed beef exports are up 25 per cent from this time one year ago.

Boxed beef exports strong, non-fed cattle prices down sharply

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

Fed cattle Fed cattle prices are trading mostly sideways. As of mid-October, the fed steer cash average in Alberta had ranged from $156/ cwt to $158/cwt over the past seven weeks. The mid-October average is $156.81/cwt. Basis is still at a premium, with the spot basis at +$2.90/cwt, compared to a five-year average of -$1.84/cwt. […] Read more


File photo of a steak sandwich with chimichurri sauce at a street food market in Buenos Aires. (Aleksandr_Vorobev/iStock/Getty Images)

Argentina extends beef export cap, stoking farm tensions

Move seen as 'giving markets to other countries'

Buenos Aires | Reuters — Argentina extended beef export restrictions until the end of October on Tuesday, stoking tensions with the powerful farm sector as the government seeks to bolster domestic meat supply to help contain rising food prices. The move comes months before key mid-term elections, with centre-left President Alberto Fernandez keen to avoid […] Read more

(Photo courtesy Canada Beef Inc.)

Understanding the price structure for feeder cattle

Market Talk with Jerry Klassen

I’ve received many inquiries from cattle producers across Western Canada regarding the price outlook for feeder cattle. Ranchers are asking: When would be the best time to sell their calves? Backgrounding operators are questioning the best time to purchase calves. At the time of writing this article in mid-July, yearling prices were making fresh 52-week […] Read more


calf on pasture

Klassen: Yearlings hold value while calves remain under pressure

Compared to last week, Western Canadian yearling prices were relatively unchanged while calves were once again $2 to $4 lower. Featherlight bawlers were down $4 to as much as $8 from week-ago levels. The tight feed grain supply situation continues to set the price structure for feeder cattle. Yearlings straight off grass held a slight […] Read more

Cows in a holding pen

Deteriorating pastures, feed concerns sees early push of cattle to market

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

Fed cattle The Alberta fed cattle market moved seasonally lower through July. Lower cut-out values and increasing front-end supply pushed the fed steer average in Alberta to $152.19/cwt on July 16, down $12.53/cwt from five weeks earlier. Looking at a five-year average, the July 2021 average is $9/cwt higher.  While basis levels in Alberta have […] Read more


Cash cattle trades have declined by about 30 per cent since 2005.

U.S. to expand cattle sales data after complaints from ranchers, Congress

Reuters – The U.S. Department of Agriculture said on Thursday it will begin releasing two new reports on cattle sales next week, after ranchers and members of Congress raised concerns about possible anti-competitive behaviour in the market. The reports follow a July executive order from President Joe Biden that calls for the federal government to promote competition […] Read more

Feed barley price outlook

Feed barley price outlook

Market Talk with Jerry Klassen

Feed grain prices reached historical highs in mid-May. It appears that barley supplies will drop to bin-bottom levels at the end of the 2020-21 crop year. The market has been functioning to ration demand through higher prices; however, domestic usage has been relatively unchanged from past years. At the same time, Canadian barley exports have […] Read more


(Photo courtesy Canada Beef Inc.)

Fed cattle finding profitable territory

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

Fed cattle After over a year of losses, feedlots are beginning to see fed cattle marketed back in profitable territory. Fed cattle prices have strengthened over the past month. Seasonal price improvement, tighter numbers, excellent export demand and strong cut-out values have led to an increase of over $10/ cwt over the past four weeks. […] Read more

McMillin: Fed cattle prices slowly improving

McMillin: Fed cattle prices slowly improving

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

Fed cattle Fed cattle prices are slowly improving. The Alberta average climbed $0.50/cwt to $151.20/cwt at the start of February. Since the beginning of the year, the average has climbed nearly four per cent. Packer interest has been solid but larger fed cattle supply has limited seller leverage and high feed costs are encouraging feeders […] Read more