GFM Network News



Consumer spending has been a major pillar of the U.S. economy, contributing to among other things, stronger beef demand.

Demand continues for U.S. beef

Market Update with Jerry Klassen: American consumers have more disposable income

As of mid-December, Alberta fed cattle were trading in the range of $152 to $155, up approximately $10 to $12 from a month earlier. The February and April live cattle futures continued to trade near contract highs due to the uncertainty in beef production during the first quarter of 2020. It appears that beef production […] Read more



Klassen: Feeder market remains firm

Feeder cattle markets experienced light volumes during the final week of December and prices were relatively unchanged compared to week-ago levels. Yearling values were slightly softer, as these cattle will not have enough time to be ready for the April fed market. Buying interest for mid-weight categories was characterized as sluggish, while light-weight bawlers were […] Read more





Klassen: Feeder cattle market under weight of imports

Compared to last week, western Canadian feeder cattle markets traded $5 lower to $2 higher. It’s that time of year when most feedlots are carrying sufficient numbers and buyers are hesitant to increase ownership unless they can see profitability. Auction market volumes contained weaned and unweaned calves over the past week; premiums returned for feeders […] Read more

In southern Alberta, Simmental based steers weighing 510 pounds were quoted at $230 in mid-November while black heifers were valued at $195. It’s looking like feast-or-famine beef production in early 2020.

Calf prices will be sideways into 2020

Market Update with Jerry Klassen: Both the U.S. and Canada produced smaller calf crops in 2019

Alberta packers were paying $142 to $144 on a live basis in mid-November, relatively unchanged from last month’s average price. While Alberta prices have traded in a sideways range, fed cattle values south of the border have been percolating higher. In Nebraska, fed cattle were trading in the range of $114 to $116, up from […] Read more