GFM Network News


Klassen: Yearling market holding value

Reading Time: 2 minutes Compared to last week, western Canadian yearling prices were relatively unchanged while calves traded $3 higher to $3 lower on average. The yearling run is well underway and there was no shortage of buying interest. Finishing feedlots were very aggressive on quality packages coming fresh off grass. Once again, buyers focused on local cattle, causing […] Read more

Klassen: Yearling market remains red hot

Barley harvest well underway in southern Alberta

Reading Time: 2 minutes Compared to last week, western Canadian yearling prices were $2-$4 higher on average; however, in southern Alberta, yearlings traded $6-$8 above week-ago levels. A few auction barns in Alberta held their first feature sales of the fall run and buyers showed up with both hands. The quality of yearlings coming off grass is excellent and […] Read more


Klassen: Yearling demand remains firm

Reading Time: 2 minutes Compared to last week, western Canadian yearlings fresh off grass traded steady to $2 higher; backgrounded yearlings were relatively unchanged. The calf market was too thin to quote. Major feedlot operators set the price structure and were once again very aggressive. While many feedlots are backed up with market-ready supplies of fed cattle, some feedlots […] Read more

Klassen: Weaker feed grains drive feeder market higher

Reading Time: 2 minutes Compared to last week, western Canadian yearlings traded $2-$4 higher. This was the first week of the fall yearling run with larger groups of quality packages and there was no shortage of buying enthusiasm. Heavier yearlings were readily trading at 52-week highs. Feed barley prices collapsed in southern Alberta as the harvest started in the […] Read more


U.S. livestock: Cattle futures close higher on strong export data

Reading Time: 2 minutes Chicago | Reuters – U.S. live cattle futures closed higher on Thursday for a third straight day, buoyed by strong weekly beef export sales and signs of firming cash cattle prices, traders said. Chicago Mercantile Exchange (CME) August live cattle futures settled up 0.275 cent at 101.725 cents per pound while most-active October rose 0.700 […] Read more

U.S. livestock: Live cattle futures close higher; lean hogs decline

Reading Time: 2 minutes Chicago | Reuters – U.S. live cattle futures closed higher on Wednesday for a second session on firm cash cattle prices and a softer dollar, traders said. Cash cattle traded in the Texas Panhandle and Kansas at $97 per cwt, mostly $1 higher than last week, the U.S. Department of Agriculture said in a daily note. A […] Read more


U.S. livestock: Live cattle futures firm on expectations of firm cash

Reading Time: < 1 minute Chicago | Reuters – U.S. live cattle futures rose on Tuesday, supported by expectations of higher prices this week in the cash market for slaughter-ready cattle, traders said. “Cash could be steady to $1 to $2 (per cwt) better this week. Some of the show lists are smaller than last week, and that has (led […] Read more

U.S. livestock: Live cattle futures retreat on supply concerns

Reading Time: < 1 minute Chicago | Reuters – U.S. live cattle futures opened firm on Monday but retreated from session highs on technical selling and lingering concerns about cattle supply backups in the wake of recent packing plant closures due to coronavirus infections among workers. Prices climbed at Monday’s open in reaction to Friday’s U.S. Department of Agriculture (USDA) cattle on […] Read more


USDA to probe surging beef prices versus falling cattle prices

Tyson says will co-operate with department's investigation

Reading Time: 2 minutes Chicago | Reuters — The U.S. Agriculture Department will investigate why a surge in beef prices because of coronavirus-related hoarding did not translate into higher cattle prices for farmers, Agriculture Secretary Sonny Perdue said on Wednesday. The investigation adds scrutiny on the small group of meat companies such as Tyson Foods and Cargill that dominate […] Read more

U.S. senators scrutinize meat packers’ profits during pandemic

Reading Time: 2 minutes Chicago | Reuters — U.S. senators are calling for investigations of record profit margins for beef processors such as Tyson Foods and Cargill, after ranchers complained surging meat prices due to coronavirus hoarding did not translate into higher cattle prices. Futures prices for cattle have tumbled during the outbreak, worrying farmers as the U.S. economy […] Read more