It’s important that feedlot operators and cow-calf producers are aware of the supply and demand balance for fed cattle.

Lessons from last September’s cattle market drop

A small change in cattle numbers can result in a large drop in market value

CME (Chicago Mercantile Exchange) December 2023 live cattle futures made a high of US$199.75 per hundredweight on Sept. 15. The market held at the higher levels until the end of September and then started to trend low, bottoming around $166 on Dec. 7 (all figures US$). There were a few signals stating that the market […] Read more

Canada’s calf crop doesn’t move through expansion and contraction as it does in the U.S., but over the next year, we may see the Canadian herd mirror U.S. expansion.

Is it time for beef cow herd expansion?

Prices for calves have been strong, but it usually takes a year of high calf prices before expansion starts

Feeder cattle have been trading near historical highs over the past six months. I’ve received many emails and inquiries from cattle producers asking if there is still an opportunity to expand their herds. Producers also ask if they should buy now or wait until spring. Medium-quality bred cows have been trading in the range of […] Read more


As consumers run short of disposable income in 2024, it is expected there will be a reduced demand for beef.

USDA increases beef production forecasts

Market Update with Jerry Klassen: All factors suggest the winds of market change are beginning to blow

Alberta fed cattle prices during November were averaging $385/cwt on a dressed basis, down $5/cwt from 30 days earlier. Live prices f.o.b. feedlot in southern Alberta were quoted in the range of $228/cwt to $230/cwt, the lowest since May. The market has come under pressure as U.S. beef forecasts for the first half of 2024 […] Read more

The largest factor influencing beef demand is consumer spending.

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


Retail beef prices continue to hold value near historical highs while restaurant spending has exceeded expectations.

U.S. cattle herd continues to contract

Market Update with Jerry Klassen: Expect one more year of high calf prices before expansion begins

Alberta fed cattle prices softened in July due to an increase in market-ready supplies and weaker wholesale beef prices. During the first week of August, Alberta packers were buying fed cattle in southern Alberta at $235/cwt fob the feedlot. This is down from the mid-June record high of $246/cwt. At the same time, wholesale choice […] Read more

Cattle prices encouraging herd expansion

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


(Geralyn Wichers photo)

Klassen: Feeder market consolidates at historical highs

Higher borrowing costs offset lower feed prices

For the week ending Saturday, western Canadian yearling steer prices were quoted $2-$4 higher; yearling heifers traded $2 higher to $5 lower. Calves were relatively unchanged although volumes were limited. Larger groups of quality genetics were well bid while second tier cattle were marginally discounted off the highs. Some ranches are liquidating yearlings about one […] Read more

Grocery store spending is up from last year but the rally in retail beef prices has come to a halt.

Fed cattle market sets new record high

Market Update: Good moisture should get pastures growing this spring, while calf prices are expected to trend higher until fall

During the third week of April, Alberta packers were buying fed cattle on a live basis in the range of $222-$225/cwt delivered, which was a record high. Tighter market-ready supplies on both sides of the border along with a sharp year-over-year increase in demand have resulted a higher price structure. During March, U.S. restaurant sales […] Read more


Photo: Canada Beef Inc.

Klassen: Feeder market remains firm on fed cattle strength

Alberta's disastrous wildfires may disrupt calf marketings

Compared to last week, western Canadian prices for yearlings over 800 lbs. were quoted steady to $4 higher; feeders between 600-800 lbs. were relatively unchanged while calves under 600 lbs. were $5-$10 higher. The market for calves under 600 lbs. was hard to define due to limited volumes. Alberta packers were buying fed cattle on […] Read more

(Photo courtesy Canada Beef Inc.)

Klassen: Feeder cattle supplies remain snug

Feedlots expect significantly cheaper barley come harvest

Compared to last week, western Canadian feeder cattle markets traded $3-$4 on either side of unchanged. Premium low-flesh yearlings were one off bids $15-$20 above average. Cattle buyers commented that there were larger volumes of fleshier yearlings. Cattle with heavier butter levels were discounted from our listed values by $5 to as much as $10. […] Read more