GFM Network News

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Klassen: Feeder cattle market stabilizes

Compared to last week, Western Canadian feeder cattle markets traded $2 to $3 on either side of unchanged. Most auction barns held feature sales over the past week and steady demand was noted across the prairies. Calves appeared to gain momentum late in the week with favorable weather enhancing buying interest; however, yearlings were quite […] Read more

(Photo courtesy Canada Beef Inc.)

Klassen: Buyers’ temperance subdues feeder market

Compared to last week, western Canadian yearling prices were under pressure trading steady to $3 lower; however, eastern Canadian orders were prevalent in Manitoba and eastern Saskatchewan, where values were relatively unchanged from week-ago levels. Alberta feedlot demand was subdued as the deferred live cattle futures traded to three-month lows. Most operations are holding high-priced […] Read more

Klassen: Feeder market sends mixed signals

Compared to last week, western Canadian average yearling prices were steady to $3 lower while heavier replacements above 1,000 lbs. actively traded $3 to as much as $6 lower. Weakness in deferred live cattle futures, along with rising feed grain prices, caused buyers to lower their bids accordingly. Steers averaging 1,000 lbs. were readily trading […] Read more

(Photo courtesy Canada Beef Inc.)

Klassen: Feeder cattle market experiences mixed tone

Western Canadian feeder cattle markets experienced a diverse tone across the Prairies, with notable buying interest surfacing on yearlings. Compared to seven days earlier, prices for yearlings in southern Alberta were $5-$7 higher on average, as feedlots focused on purchasing local cattle. In southern Alberta, larger-frame lower-flesh black steers weighing 900 lbs. were quoted at […] Read more

Many factors to consider with cattle price insurance coverage

There’s a learning curve for the Cattle Price Insurance Program

Reading Time: 3 minutes You’re finally making money. Do you part with some of it to insure the bottom line? The Cattle Price Insurance Program (CPIP) was launched by Agriculture Financial Services Corporation four years ago. The program offers prices insurance on finished cattle in the feedlot or feeder cattle, as well as for calves sold in the fall. […] Read more