When a heifer calves, she’s hopefully worth at least as much as when she was a bred heifer — and probably retains that value for at least a couple of years.

Flipping cow depreciation on its head

Costs of Production: Open cows have a huge effect — especially when they are two-year-olds

I am keenly interested in cow depreciation and in fact have written about it in past Grainews columns. It is one of the largest direct expenses on a cow-calf operation — usually only behind feed — and it is worth touching on again in the wake of current record-high prices. First as a reminder, Figure […] Read more

feedlot strathmore alberta

Feeder cattle prices should remain at historical highs in 2025

The Markets: Heifer retention is expected this year in both Canada and the U.S.

At the time of writing this article in the latter half of December, U.S. and Canadian feeder cattle prices were trading at or near historical highs. I’ve received many inquiries from cattle producers regarding the price outlook for feeder cattle in 2025. The benchmark for the western Canadian feeder market is central Alberta. During December […] Read more


cattle in alberta feedlot

Feeder market trades at or near historical highs

The Markets: Larger supplies by numbers and weight will mean more beef supply year over year

During the last week of October, Alberta packers were buying fed cattle on a dressed basis in the range of $403-$408 per hundredweight ($242-$245/cwt on a live basis). This was unchanged from a month earlier. Breakeven pen closeouts are in the range of $250-$255/cwt, so margins are in negative territory for the time being. The […] Read more

Fed cattle prices are expected to trend lower from October 2024 to December 2025.

Cattle market vulnerable to slower economic growth

The Markets: Watch consumer trends for indications of a beef price slowdown

Alberta packers were buying fed cattle on a dressed basis in the range of $425-$428/cwt delivered in mid-August. Live prices were quoted at $255/cwt (US$186), f.o.b. feedlot, in southern Alberta. The fed market has come off the summer highs as demand eases moving into the fall period. Monthly restaurant spending on both sides of the […] Read more


beef carcasses

Beef demand made seasonal highs in July

The Markets: Cattle markets have started to grind lower, but the feeder market has held

The beef market appears to have made a seasonal high during the first week of July. Wholesale choice beef prices reached up to US$329/cwt during the week ending July 6 before fading to US$319/cwt during the third week of July. Weaker wholesale values have resulted in lower U.S. fed cattle values. During the first week […] Read more

File photo of cattle on feed near Champion, Alta., about 75 km north of Lethbridge. (James_Gabbert/iStock/Getty Images)

Tighter fed cattle supplies support feeder market

U.S. beef producers are not yet holding back enough heifers for expansion

During the first week of June, Alberta packers were buying fed cattle on a live basis at $261 per hundredweight, f.o.b, feedlot in southern Alberta, up $4/cwt from a month earlier. Market-ready supplies of fed cattle were sharply above year-ago levels earlier in winter, but the backlog has slowly been alleviated through the spring period. […] Read more



The beef cattle industry is bracing for a level of heifer retention this summer and fall that's expected to lower the feeder cattle supply.

Lower feedlot placements support cattle market

Cow-calf producers should think about selling calves in late summer versus fall

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


Fed cattle are still at high prices despite a recent pullback.

Cattle market works to ration demand

Cattle prices are expected to reach historic highs this summer, then drop

During the first half of April, Alberta packers were buying fed cattle on a live basis at $240 per hundredweight delivered, up $8/cwt from a month earlier. Market-ready fed cattle supplies in Alberta and Saskatchewan are tightening, causing the fed cattle basis to strengthen. While the Canadian domestic slaughter is running slightly below year-over-year levels, […] Read more

A year-over-year decrease in Q1 feeder cattle placements in both Canada and the U.S. is expected to lead to tighter market-ready supplies during the summer.

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