During the last week of April, Alberta packers were buying fed cattle on a live basis in the range of $256-$258 per hundredweight delivered, up $18/cwt from three weeks earlier. Alberta fed cattle basis levels have strengthened as market-ready supplies tighten. In Kansas and Texas, live sales, f.o.b. feedlot, were reported at US$182/cwt, down US$3/cwt […] Read more
Tag Archives beef prices
Lower feedlot placements support cattle market
Cow-calf producers should think about selling calves in late summer versus fall
Expect stronger cattle markets for third quarter
A surprise reduction in beef production could mean higher prices
During the second week of March, Alberta packers were buying fed cattle on a dressed basis in the range of $378-$380 per hundredweight (cwt) delivered. Prices f.o.b. (free on board) the feedlot in southern Alberta were quoted from $225 to $226/cwt. The market has been consolidating over the past month, as market-ready fed cattle supplies […] Read more
How consumer spending drives fed cattle prices
Here's why a small change in spending affects the beef market
Cattle producers are bombarded with charts and data from cattle inventory reports and cattle on feed surveys. During the fall of 2023, live cattle futures and were trending lower. Every analyst I was reading was focused on how low supplies were from a historical perspective; however, fed cattle prices were on a downward spiral. It’s […] Read more
A key to cattle business survival
Produce more pounds of beef per acre versus more pounds per cow, this U.S. rancher says
North America producers are receiving higher prices for cattle than ever before — “yet very few are really profitable,” Kit Pharo says. Most cow-calf producers “are too dependent on outside inputs, which are also at record-high costs,” says Pharo, who operates Pharo Cattle Company in Colorado and was the keynote speaker at the recent Holistic […] Read more
Cattle herd declines while economy expands
One per cent increase in consumer spending means one per cent increase in beef demand
I often place myself two years in the future, with a view of the past two years. The old saying is that hindsight is 20/20. Well then, place yourself in the future and look backward. If I were giving a cattle market outlook in March 2026, the summary would be the following: During 2024, feeder […] Read more
Consumer spending calls the shots on cattle prices
Market Update: History shows U.S. cow-calf producers need one year of historical high prices to trigger large-scale herd expansion
U.S. and Canadian cattle prices have been trading near historical highs over the past couple of months. Feedlot margins have been hovering in positive territory throughout the summer. Demand for yearlings and calves has been unprecedented as finishing operators reload for another round of feeding. After consecutive years of financial struggles and drought, cattle producers […] Read more
Cattle prices encouraging herd expansion
Market Update: Consumer spending on beef has been strong, but will it continue?
During the third week of June, Alberta packers were buying fed cattle on a dressed basis at $415/cwt delivered. Prices f.o.b the feedlot in southern Alberta were averaging $246/cwt. The U.S cattle herd has been contracting for the past four years. Cattle prices are now functioning to encourage expansion. Wholesale beef prices are also trading […] Read more
Beef demand makes seasonal highs
Market Update with Jerry Klassen: Consumer spending may decline if interest rates continue to increase
During the week ending March 18, Alberta packers were buying fed cattle on a live basis at an average price of $205/cwt delivered, up $9/cwt from mid-February. In the U.S., live cattle were trading in the range of US$164-US$165/cwt, up US$4/cwt from 30 days earlier. Beef demand typically makes a seasonal high in the latter […] Read more
Beef supplies will tighten by mid-2023
Market Update with Jerry Klassen: Feeder cattle market will function to encourage expansion
Western Canadian feeder cattle prices trended lower throughout the fall. During late August and the first half of September, higher-quality yearlings in Manitoba weighing 850 pounds were trading in the range of $255-$260/cwt. In early December, replacement cattle of similar quality in the same region were quoted at $240. Calves had a similar trend, dropping […] Read more
Feeder cattle numbers decline
Market Update with Jerry Klassen: Beef demand remains strong
During the last week of August, Alberta packers were buying fed cattle on a live basis in the range of $180-$181/cwt delivered, up $7-$8/cwt from 30 days earlier. U.S. and Canadian beef production has been running above a year ago, and beef demand has exceeded earlier projections. Inflation pressures on both sides of the border […] Read more
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