GFM Network News





Increasing Canadian barley production is likely to keep the market under pressure for the 2019-20 crop year.

Fall feed barley update

Market Talk with Jerry Klassen

It’s that time of year when I receive many inquiries about the feed barley outlook. During late June and early July, feed barley in the Lethbridge area was trading in the range of $285/mt to as high as $300/mt. At the time of writing this article in early September, feed barley was trading from $210/mt […] Read more

This spring had cattle-on-feed placements sharply higher than year-ago levels in the mid-weight categories which will result in a sharp year-over-year increase in market-ready supplies this fall.

Soft beef demand outlook for September and October

Market Talk with Jerry Klassen

Alberta fed cattle prices have been hovering in the range of $143 to $148 throughout the summer period. The market has been relatively stable without any major changes to supply and demand. Looking forward, beef production is expected to increase during September and October. At the same time, demand moves through a seasonal low. It’s […] Read more


The U.S. bond yield premium over Canadian bond yields is eroding.

Canadian dollar enters fresh fundamentals: Klassen

Market Talk with Jerry Klassen

Canadian fed and feeder cattle prices have been enhanced by the weaker exchange rate since oil prices crumbled back in the spring of 2014. At that time, the Canadian dollar was highly correlated with crude oil values. The Canadian election in 2015 contributed to the softer currency as the Liberal fiscal policies were negative for […] Read more

Constellation of prices for live, feeder cattle futures

Market Talk with Jerry Klassen

The live and feeder cattle futures markets exhibit a behaviour commonly known as “the constellation of prices.” Understanding the price relationship between the live and feeder cattle futures can be invaluable when deciding to market calves or implement some type of hedging strategy using the price insurance. In this article, I’m going to discuss how […] Read more


The barley market needs to encourage acreage for 2019.

Feed barley update

Market Talk with Jerry Klassen

The feed barley market has been relatively flat throughout the winter. During the last week of January, Lethbridge-area feedlots were buying feed barley in the range of $255/mt to $260/mt delivered. At the same time, central Alberta feedlots were making purchases from $245/mt to $250/mt. Barley stocks are projected to drop to historical lows by […] Read more

Feeder cattle market digesting many variables

Market Talk with Jerry Klassen

The feeder cattle market was quite volatile throughout the final quarter of 2018. The weaker Canadian dollar enhanced demand from south of the border. At the same time, domestic feedlot operators were contending with rising feed grain prices and uncertain fed cattle prices for the first and second quarters of 2019. April live cattle futures […] Read more


Canadian dollar outlook

Market Talk with Jerry Klassen

The Canadian dollar has been trading near 52-week lows, supporting fed and feeder cattle prices. Canadian year-to-date feeder cattle exports to the U.S. for the week ending November 10 were 175,122 head, up a whopping 59 per cent over year-ago levels. While fed cattle exports to the U.S. are running 19 per cent below last […] Read more

Feedlot margins are set up to move into the negative for the second quarter of 2019.

Feeder cattle outlook lower in 2019

Market Talk with Jerry Klassen

I’ve received many calls from cattle producers over the past couple of weeks with regard to the feeder cattle outlook for the spring period. Feeder cattle prices made seasonal highs during the first week of October and then started to trend lower. This weakness caught many cow-calf producers off guard as they failed to realize […] Read more