CME October 2019 feeder cattle with 20-, 50- and 100-day moving averages. (Barchart)

Klassen: Feeder cattle market remains volatile

Western Canadian yearling markets appeared to stabilize after coming under pressure earlier in the month. Compared to last week, yearling prices were unchanged to $4 higher on average while calf markets traded $2-$3 on either side of unchanged. Major feedlots were more aggressive for 800-plus-lb. cattle as feed grain prices continue to grind lower. Favourable




Slices of thick cut steaks

Comment: How much water is needed to produce a pound of beef?

And just as importantly, what kind of water are we talking about?

An excerpt from a Beef Cattle Research Council blog post on the environmental impact of beef production. For the full text, visit beefresearch.ca. Yes, it takes water to produce beef, but in the 2.5 million years since our ancestors started eating meat, we haven’t lost a drop yet. Based on the most recent science and


The USDA reports the 2018 average five-area fed steer price was $117.26. That’s less than what cattle producers received six years ago in 2012.

Comment: U.S. beef exports up, producer revenue down

What good are growing exports to producers who are starting to struggle to pay the bills?

The breaking news is that 2018 U.S. beef exports hit new records. The U.S. Meat Export Federation (USMEF) wrote that 2018 beef exports “shattered the previous value record and achieved a new high for volume,” and, “Export value soared to $8.33 billion, breaking the 2017 record by $1.06 billion — an increase of 15 per



(Photo courtesy Canada Beef Inc.)

Klassen: Feeder market experiences softer demand

Compared to last week, western Canadian feeder cattle sold $4-$6 lower on average. Feedlot operators backed away from the markets due to stronger feed grain prices and weakness south of the border. Certain regions of the U.S. Midwest and southern Plains have experienced adverse weather, which caused U.S. feeder cattle prices to experience a week-over-week

(Photo courtesy Canada Beef Inc.)

Klassen: Strong demand drives yearlings higher

Compared to last week, western Canadian yearling markets traded $2-$3 higher, with quality packages advancing $4-$6. Feedlot operators shrugged off the weaker live cattle futures as feed grain prices came under pressure. Cattle brokers were carrying a full deck of orders, which allowed for limited slippage. Feedlots are anxious to secure ownership early in the