# Tighter fed cattle supplies support feeder market - Grainews

> Alberta packers were buying fed cattle at C$261 per cwt in early June, up C$4 from a month earlier, and Western Canadian feeder prices are near historical highs. Fed cattle exports to the US have exceeded year-ago levels, and US heifer retention is not large enough to support herd expansion, so a 2024 and 2025 calf crop decline is expected.

- Date: 2024-07-09 · published 2024-07-09T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/29217-tighter-fed-cattle-supplies-support-feeder-market-grainews
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Tight cattle supplies and a shrinking calf crop support cattle prices, while packers face the risk of higher input costs.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- grainews.ca: https://www.grainews.ca/cattlemans-corner/tighter-fed-cattle-supplies-support-feeder-market/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.