GFM Network News


Klassen: Feeder market lacks buying interest

Market gives in to pressure from Chicago futures

Compared to last week, western Canadian feeder cattle markets traded $5-$8 lower on average, with yearlings dropping as much as $10-$12 in certain areas. It appears buyers are incorporating a risk discount due to uncertainty in beef demand longer-term. Rising unemployment levels, sluggish consumer confidence and a sharp drop in disposable income are all factors […] Read more

U.S. livestock: CME feeder cattle limit down as corn prices jump

Chicago | Reuters — Lightly-traded Chicago Mercantile Exchange feeder cattle futures closed down their 4.5-cent per pound maximum daily limit on Thursday following double-digit corn market gains, traders said. Chicago Board of Trade corn futures surged as much as three per cent on worries heavy rainfall could reduce U.S. Midwest crop belt yield potential. High-priced […] Read more


An example of calf insurance

The Western Livestock Price Insurance Program is basically the same as buying put options on the Chicago Mercantile Exchange feeder cattle futures. However, this program offers a price in Canadian dollars and also provides a basis for the local region. Producers should know their costs to determine how much coverage they need. Here’s a basic […] Read more