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Analyst Jerry Klassen reviews factors behind feeder cattle prices, citing a 2023 US calf crop down 872,000 head and feeder cattle outside feedlots at a historic low of 18.9 million head on April 1. Western Canadian feeder supplies are also projected lower year over year.
Shrinking feeder supplies in the US and Canada support feeder prices, though corn, barley and exchange rate moves can offset that tightness.
canadiancattlemen.caJerry KlassenJun 6, 2024Not 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.
