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Western Canadian feeder cattle traded $6-$12 lower week over week after a sharp rally in U.S. grain futures and weaker fed cattle prices. Auction buying was limited, with only a few large feedlots active, and a stronger Canadian dollar reduced U.S. buying interest.
Higher feed grain costs raise feedlot input costs and reduce what buyers will pay for feeder cattle. Weak live cattle futures add further downward pressure on feeder prices.
country-guide.caJerry KlassenApr 26, 2016Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
