GFM Network News





With beef demand increasing and the U.S. beef herd declining, Jerry Klassen figures it should bode well for Canadian beef producers over the coming year. Photo is of mob grazing cattle near Manning, AB.

Positive fundamentals driving cattle prices higher

Increased beef production in Canada will pay off in 2022

Alberta fed cattle prices were quoted at $164-$165 f.o.b. the feedlot during the third week of June, up from the range $158-$162 during the second week of May. The market has been quite firm due to tighter supplies of market-ready cattle on both sides of the border. At the same time, the reopening of economies […] Read more




(Photo courtesy Canada Beef Inc.)

Klassen: Yearling prices consolidate, calf values soften

Compared to last week, western Canadian yearling prices were relatively unchanged; however, calves weighing 500 to 700 lbs. were $2-$4 lower. Featherlight bawlers under 500 lbs. were down $6-$8 from seven days earlier. Strong feedlot buying interest supported quality groups of yearlings. Feed barley prices were down $5-$10 per tonne from last week while the […] Read more


CME October 2021 feeder cattle (candlesticks) with Bollinger (20,2) bands. (Barchart)

Klassen: Feeder market percolating higher

Weakness in feeder futures seen as temporary hiccup

Compared to last week, western Canadian yearling prices were $1-$4 higher on average; calves were steady to $2 higher. Limited volume of calves under 600 lbs. made the market hard to define; however, strong demand was surfacing across all weight categories. The weaker Canadian dollar, along with stronger live cattle futures, set a positive tone. […] Read more

(Photo courtesy Canada Beef Inc.)

Klassen: Feeder market heating up

Volumes thin with auction barns in holiday mode

Compared to last week, western Canadian yearling steers traded $3-$4 higher while yearling heifers were steady to $2 higher. Mid-weight calves or young yearlings from 600 to 800 lbs. were $3-$5 higher on average. Calves under 600 lbs. were relatively unchanged. Favourable rains across the Prairies have enhanced crop prospects for barley and wheat. April […] Read more


(Photo courtesy Canada Beef Inc.)

Stronger fed cattle prices support feeder market

Market Update with Jerry Klassen: It’s good to see a return to renewed optimism in the cattle complex

During the week ending May 8, Alberta fed cattle prices were quoted in the range of $158 to $162, up $8 to $10 from 30 days earlier. Wholesale beef prices continue to percolate higher as the U.S. economy moves through a major expansionary phase. Rising consumer incomes and stronger consumer spending will result in a […] Read more

(Photo courtesy Canada Beef Inc.)

Klassen: Feeder market in consolidation mode

Feeder values in West showing premium over U.S.

Compared to last week, western Canadian feeder cattle prices were quite variable depending on the weight category. Replacement cattle weighing over 800 lbs. were steady to $4 lower while feeders weighing 700-800 lbs. traded steady to $4 higher on average. Feeder cattle under 600 lbs. were unchanged from seven days earlier. The fed cattle market […] Read more