GFM Network News

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Drought lands more cattle into U.S. feedlots than expected

Chicago | Reuters — Ranchers sent nearly one per cent more cattle to U.S. feedlots in December than the same time a year earlier, the U.S. Department of Agriculture reported on Friday. The result topped most analysts’ predictions, mainly led by worsening drought in the U.S. southern Plains that shriveled available winter wheat grazing pasture. […] Read more

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Klassen: Feeder cattle markets digest USDA inventory report

Western Canadian feeder cattle markets traded $5 higher to as much as $10 lower compared to week-ago levels. The U.S. Department of Agriculture’s Cattle on Feed report, along with U.S. inventory data, confirmed larger beef supplies in upcoming months, which set a negative sentiment amongst feedlot operators. Auction markets experienced variable price ranges on similar-weight […] Read more

Hog producers aren’t planning on expanding their herds for at least another five years, says a new report.

Hog and cattle expansion will be slow

New report says both cattle and hog producers ‘cautious’ about expanding

Reading Time: 2 minutes A new report from the Alberta Livestock and Meat Agency (ALMA) says the cattle and hog sectors face challenges, but their economic prospects over the next decade ARE positive. The report predicts there will be a modest increase in the provincial cattle herd, partly because producers are “cautious” about additional investments. “The rapid improvement in […] Read more

cattle laying in a pasture

Growing pains — herd rebuild a long-term proposition

Four to Watch: Cattle herd needs a ‘big move’ in heifer retention to fuel expansion

Reading Time: 3 minutes Cattle herd expansion was one of the biggest ‘will they or won’t they’ stories in 2014 — and that little plot line will continue to play out in 2015. “Right now, we’re still in the consolidation phase,” said Brenna Grant, research manager at Canfax. “Inventories are going to be stable on Jan. 1, 2015, and […] Read more

herd of cattle in a pasture

Thinking of expanding your cattle herd? Here’s a to-do checklist

Successful expansions depend on assessing risk, knowing how per-unit 
costs will change, and having a marketing plan

Reading Time: 3 minutes When it comes to deciding on expanding a cattle herd, or taking over an existing one, there are a few critical checkpoints to be considered. “In recent months there has been a lot of talk about the potential for beef herd expansion due to the historically high beef and cattle prices the industry is experiencing,” […] Read more