GFM Network News

CME April 2019 live cattle, with 20-day moving average. (Barchart)

Klassen: Stronger demand supports feeder market

Western Canadian feeder cattle markets jumped $2-$5 last week, after adverse weather caused buyers to shy away earlier in October. Major feedlot operators were very aggressive on quality yearling packages and heavier weaned vaccinated calves. Many operations have limited ownership at this time of year because wet, cold weather conditions delayed purchases. The market appeared […] Read more

(Photo courtesy Canada Beef Inc.)

Klassen: Feeder market reflects vulnerability

Compared to last week, western Canadian yearling markets traded within $5 on either side of unchanged. Strength was noted in the major feeding regions of Alberta while subdued buying interest was noted in other regions of the Prairies. Major operations focused on local cattle, especially in southern Alberta. Feature sales attracted larger crowds which enhanced […] Read more

Cattle producers and feeders in some areas of southern Alberta have been dealing with overland flooding, such as shown here Saturday over Highway 36 south of Vauxhall, and otherwise mushy conditions. (Photo courtesy Taber RCMP)

Klassen: Feeder market stabilizes

Compared to last week, western Canadian feeder cattle prices were relatively unchanged. Stronger export demand appears to be supporting the market in Manitoba and certain pockets in Saskatchewan; however, Alberta feedlot interest remains subdued. Adverse weather continues to plague southern Alberta. Snow and freezing temperatures followed by brief melting periods have resulted in very poor […] 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 remains firm

Western Canadian yearling markets were trading $3 to as much as $6 above week-ago levels while calf prices were relatively unchanged. The Canadian dollar was under pressure all week, closing Friday at US77.85 cents, the lowest levels since mid-July. At the same time, April live cattle futures made fresh contract highs, reflecting a week-over-week gain […] Read more