
For the week ending Feb. 14, western Canadian feeder cattle prices were little changed from a week earlier.
Alberta packers were buying fed cattle at an average of $520 per cwt dressed, up $3-$5. Deferred live cattle futures have been consolidating in a narrow range, limiting feeder upside.
Rising yearling supplies and a narrow futures range cap feeder price gains, while seasonal spring beef demand offers some support. Buyers should expect firm but range-bound feeder values.
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.