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Jerry Klassen - Analysis

Jerry Klassen is the president and founder of Resilient Capital, specializing in proprietary commodity futures trading and market analysis. He can be reached at 204-504-8339 or via his website at resilcapital.com.


Stories by Jerry Klassen - Analysis

Cow and calves graze in eastern Manitoba. Photo: Geralyn Wichers
Livestock Management, Markets

Klassen: Western Canadian calf markets surge on New World screwworm fears

For the week ending July 12, Western Canadian yearling markets traded steady to $5 higher compared to seven days earlier. Calves weighing 550-800 pounds were quoted $5 lower to as much as $10 higher.
July 15, 2025

Calves are sorted and gathered on sales day at VJV  Foothills Livestock Auction in Stavely. Feeder calves are sorted by  size before entering the ring to give buyers a consistent package.
Livestock Management, Markets

Feeder market may overextend to the upside

The current situation provides an opportunity for the cow-calf producer but is negative news for the feedlot operator

Cow-calf producers are advised to avoid selling calves in October because this is usually the lowest price in the fall.
July 10, 2025

(Photo courtesy Canada Beef Inc.)
Livestock Management, Markets

Klassen: Feeder market may have overextended to the upside

For the week ending July 4, there were no feeder cattle sales in Western Canada due to holidays on July 1 and July 4. Major auction markets in the U.S. were also closed or had limited numbers on offer. Prices quoted from south of the border were steady to $4 higher on average but the market was hard to define.
July 8, 2025


Photo: Clinton Austin/Getty Images Plus
Livestock Management, Markets

Klassen: Feeder market eyes deferred delivery prices

For the week ending June 28, Western Canadian feeder cattle markets were relatively unchanged compared to seven days earlier. Volumes moving through the ring were limited and the quality was quite variable.
June 30, 2025

Cattle eating from a concrete bunk in a feedlot.
Livestock Management

Feeder market rally stalls on softer fed cattle market

Market-ready fed cattle supplies will make a seasonal high in Western Canada in June, which may weigh on the fed market

For the week ending June 21, Western Canadian feeder cattle prices were unchanged to $10 lower on average compared to seven days earlier.
June 24, 2025


Photo: Geralyn Wichers
Livestock Management, Markets

Klassen: Feeder market rally stalls on softer fed cattle market

For the week ending June 21, Western Canadian feeder cattle prices were unchanged to $10 lower on average compared to seven days earlier.  However, prices for August and September delivery were unchanged from the previous week. 
June 24, 2025

Cattle in pens in a large feedlot.
Livestock Management

Feeder cattle market follows fed prices higher

Pressure on the cattle market is expected during August and September, which would weigh on the feeder cattle market

Western Canadian feeder cattle markets were relatively unchanged for the week ending June 13, compared to seven days earlier.
June 17, 2025

Photo: Geralyn Wichers
Livestock Management, Markets

Klassen: Feeder market follows wholesale beef higher

For the week ending June 13, Western Canadian feeder cattle markets were relatively unchanged compared to seven days earlier. Steady demand underpinned a week of lower auction market volumes.
June 17, 2025


Photo: Geralyn Wichers
Livestock Management, Markets

Klassen: Stronger fed cattle markets lifts feeder complex

For the week ending June 7, Western Canadian feeder cattle markets traded steady to as much as $15/cwt higher in some cases. Larger packages of quality replacements over 900 pounds were up $10-$15/cwt from prices seven days earlier.
June 10, 2025

A herd of Angus and Angus crossbred bulls in a green pasture in late summer.
Livestock Management

Feeder market experiences volatility at historical highs

For the week ending May 30, western Canadian feeder cattle markets traded steady to as much as $10 lower on average.
June 3, 2025

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