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Western Canadian yearling markets traded $2 to $8 lower than the prior week, and calves were flat to $10 lower. November feeder futures had dropped $10 from contract highs, and unweaned calves at some southern Plains auctions traded $10 to $15 lower.
Seasonal supply increases and weaker futures lower feeder cattle values, reducing the margin for feedyards buying cattle.
grainews.caJerry Klassen, GFM Network NewsOct 3, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
