VIDEO: Factors driving Canadian beef and cattle prices

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LANGHAM, Sask. – Watch this 10-minute video with livestock market analyst Jerry Klassen for a run-down of factors driving Canadian cattle prices over the next 18 months.

Klassen, presenting as part of The Western Producer Markets Desk Team briefed farmers attending Ag in Motion 2025.

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Klassen said prices are at record highs right now but the market is transitioning from a peak to a trough. The prospect of a larger calf crop coming to market in 2026 and non-market factors influencing consumer spending could set the stage for a downward trend in prices following the first quarter of 2026.

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About the author

Laura Rance-Unger is the executive editor for Glacier FarmMedia. She grew up on a grain and livestock farm in southern Manitoba and studied journalism at Red River Community College, graduating in 1981. She has specialized in reporting on agriculture and rural issues in farm media and daily newspapers over the past 40-plus years, winning multiple national and international awards. She was awarded the Queen’s Jubilee Medal for her contribution to agriculture communication in 2012. Laura continues to live and work in rural Manitoba.