GFM Network News


Beef carcass weights falling back in line

Beef carcass weights falling back in line

Reading Time: < 1 minute Carcass weights rose after COVID-19 disrupted processing at the Cargill and JBS beef plants but are now getting back to normal, says provincial livestock market analyst Jason Wood. “During a three- week period at the beginning of May, steer carcass weights rose 28 pounds to 926 pounds, above average for that time period.” Steer carcass […] Read more

CME October 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Live cattle futures ease, demand picture foggy

Hogs up on firmer cash, pork prices

Chicago | Reuters — U.S. live cattle futures fell again Thursday, the fourth consecutive step back after reaching a high not seen since early March. “The rally last week was kind of counter-seasonal. You typically don’t rally the cattle in late July, early August, in the dog days of summer,” said Jeff French, an analyst […] Read more





(Photo courtesy Canada Beef Inc.)

Klassen: Feeder cattle market well supported

Western Canadian feeder cattle prices were generally steady with week-ago levels as volumes continue to decline into the summer months. The quality of cattle coming on the market this time of year is quite variable. Background operations are liquidating their final volumes and feeders over 800 lbs. set the market structure. Larger-frame mixed steers averaging […] Read more

(Photo courtesy Canada Beef Inc.)

Klassen: Feeder cattle market falls sharply

Western Canadian feeder cattle prices experienced a week-over-week decline of $12-$15 on average, with fleshier unweaned calves trading down $20-$25. Major feedlot operators reined in buying interest across the Prairies as fed cattle and wholesale beef prices remain under pressure. Feeding margins continue to deteriorate beyond pain thresholds and the backlog of market-ready feedlot supplies […] Read more