GFM Network News

Sell calves early or hold them until spring

Market Update: Big U.S. calf crop will hit the market in November and December

Alberta fed cattle prices were hovering in the range of $143 to $145 in mid-August. The market has been trending lower since the first week of May when the fed market reached up to $197. Despite the softer selling prices, feeding margins remain in positive territory. Break-even pen closeout values are near $135 for August; […] Read more

Producers urged to sell earlier this fall

Market Update: Market expected to go lower heading into the fourth quarter of 2017

Alberta packers were buying fed cattle in the range of $159 to $163 in late June, down from highs during the first week of May of $197. The market has come under pressure as market supplies build on both sides of the border and carcass weights increase. U.S. cattle-on-feed numbers reached a historical high on […] Read more

Consumer spending favours beef market

Market Update: Food prices have been down, so shoppers have more money for beef

The fed and feeder cattle markets continue to hold value despite the year-over-year increase in beef production. Alberta packers were buying fed cattle in the range of $175 to $177 in late April. Wholesale beef prices have been surprisingly strong as beef demand continues to exceed expectations. Major economic indicators are fairly encouraging which should […] Read more

Cargill to exit U.S. cattle feeding business

Chicago | Reuters — Cargill said on Wednesday it will exit the business of feeding cattle to direct capital toward other investments, the latest transformation for the global commodity trader. Minnesota-based Cargill struck a deal to sell its last two feed yards to ethanol producer Green Plains for US$36.7 million, after selling other feedyards to […] Read more

Bale grazing is one of the popular options for winter grazing, especially when you have good ranch help.

Winter grazing begins before Dec. 1

Don't assume winter grazing won’t work ‘here’ — look at the options

I confess, I am a winter grazier. I love grazing cows in the wintertime. I like reducing my labour and cutting my costs. I like free time for spending with kids or writing Grainews articles. Truth be told, I even like riding saddle horses in the cold, as a lot of our terrain is not […] Read more

The 2017 market has flickering bright lights

Lower retail prices help to fuel increased beef demand

The price outlook for fed and feeder cattle prices has improved over the past month. First, beef production during the first half of 2017 will be lower than earlier anticipated. Second, offshore North American beef demand has strengthened in Southeast Asia due to lower exports from Australia. Third, Canadian exports of fed cattle and beef […] Read more

The Markets: Good thing consumers are eating

High beef and pork production continues to weigh on the market

Fed and feeder cattle prices continued to trend lower in August and early September as the market absorbs the year-over-year increase in beef production. Alberta packers were buying fed cattle in the range of $133 to $136 in late summer; values we haven’t seen since January of 2014. Feedlot margins continue to erode and the […] Read more

Lower meat prices attract consumers

It’s still going to be a slow fall for prices, although expected to pick up in 2017

Cattle prices appear to be stabilizing as the market absorbs the surge in third-quarter beef production. Alberta packers have been buying fed cattle in the range of $145 to $148 in August while prices in the U.S. Southern Plains have been hovering around US$120. Wholesale beef prices have also held value, enhancing margins for packers. […] Read more

Market says plan on backgrounding cattle

Market Update with Jerry Klassen: Feedlot margins are not expected to improve until 2017

Alberta fed cattle prices dropped to a two-year low of $143 in late June as the beef complex absorbed the larger production. Cattle-on-feed inventories continue above year-ago levels, enhancing the weekly slaughter volumes. Wholesale beef prices have come under pressure and we are starting to see weakness in the retail market. Wholesale and retail beef […] Read more