GFM Network News

More News →

Tag Archives Jerry Klassen

Barley prices, and feed grains in general are expected to remain strong or high going into 2021, which can be a good or bad thing depending on which side of the feed bunk you are standing on.
Cattleman’s Corner, Feed markets, Markets

Strong barley prices will continue in 2021

Market Update with Jerry Klassen: Weather-related impacts and greater demand are key factors

By
I’ve received many inquiries from cattle producers regarding the feed barley outlook for the remainder of the 2020-21 crop year. Barley prices have rallied nearly $80 per metric tonne (mt) from the harvest lows. There is an old saying among commodity traders that markets are understood looking backwards but have to be traded looking forward. […] Read more
Finishers, Livestock, Markets

Klassen: Higher feed grain prices continue to pressure feeders

By ,
Compared to mid-December, western Canadian yearlings traded $3-$5 lower; mid-weight calves are down $4-$6 while calves under 550 lbs. remained firm. Buyers exhibited a defensive tone on heavier yearlings and discounts were more severe on fleshier cattle last week. There is absolutely no risk appetite for 850-plus-lb. cattle at this time of year. Demand for […] Read more
Finishers, Livestock, Markets

Klassen: Feeder cattle prices digesting uncertainty

Defensive tone likely through January

By ,
The feeder cattle market was very quiet during the last week of December with auction barns in holiday mode. There were discussions regarding direct sales but no actual business was confirmed. The stakes are too high given the market uncertainty; a defensive tone will likely continue throughout January. Feed grains continue to percolate higher; the […] Read more
Cattleman’s Corner, Livestock, Markets

Expect volatility in the cattle market

Market Update with Jerry Klassen: High feed barley prices mean a drastic increase in cost per pound of gain

By
Alberta feedlots were selling fed cattle at $136 f.o.b. the feedlot in mid-November, which was relatively unchanged from average prices in October. The market has held due to steady demand from south of the border. Alberta packer bids have come in at a $3 to $5 discount to U.S. packers over the past month. Western […] Read more
Cattleman’s Corner, Livestock, Markets

Cattle market in a transition stage

Market Update with Jerry Klassen: It may take a coronavirus vaccine before beef demand improves

By
During the last half of October, Alberta packers were buying fed cattle on a live basis in the range of $134 to $136 f.o.b. the feedlot, which is relatively unchanged from the average price levels in September. At the same time, fed cattle in the U.S. Southern Plains were selling at US$108, up about US$6 […] Read more

Special Podcast Series

AgCanadaTV

AGCanadaTV: In Case You Missed It – Your National Ag News Recap for the week ending January 22, 2021.

Sponsored By:
More Videos →

Daily Newsletter

You'll receive current daily news every morning free, as well as market updates and special features.