GFM Network News


(Photo courtesy Canada Beef Inc.)

Klassen: Feeder market reflects softer sentiment

Reading Time: 2 minutes Compared to last week, western Canadian yearling markets traded $2-$4 lower; calves over 700 lbs. appeared to hold value; calves weighing less than 700 lbs. were down $3 to as much as $5. The yearling run is basically finished. Ontario buying interest was supportive in the eastern Prairie regions due to the bumper corn crop; […] Read more

(Photo courtesy Canada Beef Inc.)

Klassen: Demand for feeder cattle eases

Reading Time: 2 minutes Compared to last week, western Canadian yearling prices were down $3-$5; calves traded $2-$6 below week-ago levels. The market has come under pressure for three main reasons. Cattle on feed inventories in Alberta and Saskatchewan are 36 per cent above the five-year average. Many feedlots are comfortable with ownership levels. The drought caused about 150,000 […] Read more


(File photo by Dave Bedard)

Walmart stakes big claim on Canadian sustainable beef

Retailer pledges to take over 680 tonnes in 2022

Reading Time: 3 minutes The Canadian arm of the world’s biggest retailer has put a number to its previous commitment to source certified-sustainable beef for its grocery business. Walmart Canada on Thursday announced it has committed to buy 1.5 million pounds of beef sourced from farms and ranches certified to Canadian Roundtable for Sustainable Beef (CRSB) standards over the […] Read more

A tract of Amazon jungle burns as it is cleared by farmers at Rio Pardo in Brazil’s Rondonia state on Sept. 15, 2019. (File photo: Reuters/Ricardo Moraes)

Brazil’s JBS bought 301,000 cattle from ‘irregular’ farms in Amazon, audit finds

Prosecutors 'negotiating improvements' with companies

Reading Time: 2 minutes Sao Paulo | Reuters — Nearly a third of the cattle bought by JBS SA in the Brazilian Amazon state of Para came from ranches with “irregularities” such as illegal deforestation, prosecutors found in a 2020 audit of the world’s largest meatpacker released on Thursday. In a presentation, federal prosecutors said they were “negotiating improvements” […] Read more


(Photo courtesy Canada Beef Inc.)

Klassen: Feeder market continues consolidation

U.S. corn northbound into Prairies

Reading Time: 2 minutes Compared to last week, western Canadian yearling prices were relatively unchanged while calf markets were down $2-$3 on average. Feedlot inventories in Alberta and Saskatchewan are 30 per cent above the five-year average; therefore, demand is lacking moving into the main marketing period for calves. Finishing feedlots have sufficient ownership and being fairly finicky on […] Read more

File photo of a steak sandwich with chimichurri sauce at a street food market in Buenos Aires. (Aleksandr_Vorobev/iStock/Getty Images)

Argentina to restart beef exports to China after caps lifted

Reading Time: < 1 minute Buenos Aires | Reuters — Argentina on Tuesday said it would once again allow cattle farmers to freely export beef to China, lifting a cap imposed earlier this year that had stoked tensions with the agricultural sector. The government had capped beef exports at 50 per cent of the normal volumes to tamp down fast-rising […] Read more


Saddle up to the tastes of Calgary

Saddle up to the tastes of Calgary

Of course Calgary means great beef. More than that, though, for farmers, it’s a taste of the future

Reading Time: 5 minutes A locally sourced, perfectly aged and superbly cooked Black Angus steak has been the signature item on Calgary restaurant menus for decades. It should come as no surprise. Alberta’s 8,000 beef producers provide half of Canada’s supply. Their five million head outnumber the province’s population, and these animals, renowned for their rich, marbled flavour, thrive […] Read more

(Photo courtesy Canada Beef Inc.)

Klassen: Feeder market holds value

Reading Time: 2 minutes Compared to last week, western Canadian yearling markets traded $2-$4 on either side of unchanged; calf prices held value, but there were pockets like Lethbridge where values were $2-$4 higher. Alberta packers were buying fed cattle on a live basis in the range of $156-$158. If an Alberta feedlot booked its feed grains in April […] Read more


(Photo courtesy Canada Beef Inc.)

Klassen: Finishing feedlot demand drives yearlings higher

Reading Time: 2 minutes Compared to last week, western Canadian yearlings traded $2 lower to as much as $5 higher. Strength was once again noted in southern Alberta where heavier yearlings recorded a fresh 52-week high. Calves were relatively unchanged from week-ago levels. Larger groups of quality weaned genetics traded as much $5 above average values. Feather-lite bawlers under […] Read more

(Photo courtesy Canada Beef Inc.)

Klassen: Lower beef production supports cash feeder market

Reading Time: 2 minutes Compared to last week, western Canadian yearling prices were relatively unchanged; calf prices traded $2 on either side of week-ago levels. December and February live cattle futures have dropped $8-$10 off the highs while feed grain values have remained firm. Buyers were on the defensive this past week, given the softer outlook for fed cattle […] Read more