GFM Network News


Calves coming into the Western Canadian market this fall will be similar to year-ago levels.

Feeder cattle outlook

Market Talk with Jerry Klassen

It’s that time of year when I receive many calls from cow-calf producers and backgrounding operators inquiring about the feeder cattle market outlook for the fall and winter. Yearling prices have been quite strong throughout the summer and the deferred live cattle futures are reflecting slightly higher prices in September and October. Prices for calves […] Read more

Barley stocks are tight and imports of U.S. corn into Western Canada will likely continue into the new crop year.

Tighter corn and barley stocks for 2018-19

Market Talk with Jerry Klassen

It’s that time of year when I receive many inquiries in regard to the feed grain outlook for the 2018-19 crop year. In the previous article, I discussed South American crop conditions and North American projections for the upcoming crop year. Feedlot operators have been factoring higher costs per pound gain which has resulted in […] Read more


Feeder cattle outlook

Market Talk with Jerry Klassen

It’s that time of year when I receive many inquiries from cow-calf producers and feedlot operators regarding the price outlook for feeder cattle. Throughout March, yearling prices were under pressure while calves and cattle fit for grass were rather firm. The feeder cattle market appears to be sending mixed signals. Feedlot margins have been rather […] Read more

Feed grain outlook for 2018

Market Talk with Jerry Klassen

Once again it is that time of year when I receive many inquiries from cattle producers with regard to the price outlook for feed grains. At the time of writing this article, Lethbridge area feedlots were buying feed barley in the range of $218/mt to $223/mt; however, feedlots located between Calgary and Edmonton were making […] Read more


Understanding the forward curve in the futures market

Market Talk with Jerry Klassen

I’ve received many calls from backgrounding operators and feedlot managers in regard to the feeder cattle market. Prices have strengthened throughout the fall period and it now appears that potential margins will be quite snug for all weight categories. The futures market for live and feeder cattle is reflecting two distinct price structures. Discerning the […] Read more

Canadian dollar outlook

Market Talk with Jerry Klassen

The Canadian dollar experienced a sharp rally from May through September as the Bank of Canada implemented a tighter monetary policy. This was somewhat negative for fed and feeder cattle prices. However, since early September, the Canadian dollar has deteriorated and I’ve received many inquiries over the past few weeks with regard to future market […] Read more


Winter forecast for feeding margins

Market Talk with Jerry Klassen

Feedlots in Canada and the U.S. experienced a very profitable feeding margin structure from January through August. During the first week of May, when the fed cattle market reached $197, margins actually edged over $700 per head in some cases which was a record in my career of analyzing profitability. However, margins moved into negative […] Read more

Feeder cattle market outlook

Market Talk with Jerry Klassen

I’ve received many calls with regard to the outlook for the feeder cattle market for the fall and winter period. Many cattle producers are asking if they should be backgrounding their calves over the winter while others are looking to sell yearlings over the next month. There are quite a few factors that will influence […] Read more


Market futures compared.

Reading feeder cattle futures markets

Market Talk with Jerry Klassen

The feeder cattle market has experienced unprecedented volatility over the past couple of years. Steers averaging 600 pounds traded for over $300/cwt in September of 2015 but in February this year sold for $198. The erratic price action has caused cattle producers to take more interest in hedging feeder cattle and the Western Livestock Price […] Read more

Managing risk in a declining beef market

Market Talk with Jerry Klassen

I’ve received many inquiries over the past few weeks in regards to managing price risk in a declining market. Many producers have been using the Western Livestock Price Insurance Program (WLPIP) over the past couple of years. Recently, backgrounding operators have been asking how they buy price insurance when the costs are not conducive to […] Read more