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Western Canadian yearling prices fell $6-$12/cwt in the week ending August 24, and calf prices dropped $10-$12/cwt. Larger numbers of cattle are coming to market, and buyers are cautious with August feeder futures at a premium to November.
Heavier market-ready supply and cautious feedlot buying push feeder cattle values lower. Lower feeder costs ease feeding margins for buyers of feed.
manitobacooperator.caJerry KlassenAug 28, 2024Not 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.
