GFM Network News


Klassen: Feeder market lacks buying interest

Market gives in to pressure from Chicago futures

Compared to last week, western Canadian feeder cattle markets traded $5-$8 lower on average, with yearlings dropping as much as $10-$12 in certain areas. It appears buyers are incorporating a risk discount due to uncertainty in beef demand longer-term. Rising unemployment levels, sluggish consumer confidence and a sharp drop in disposable income are all factors […] Read more



COVID-19 strains already-battered Ontario beef industry

Limited processing capacity remains financial challenge for province's feedlot sector, despite recent increase in retail demand

Ontario’s beef industry was already in the midst of an economic crisis, but COVID-19 is worsening the financial toll on the province’s cattle feeders. Due to extremely limited processing plant capacity, an uncompetitive market and disruptions to trade and market access, Ontario’s beef industry was losing an average of more than $2 million per week […] Read more