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Canadian columnist notes that fed cattle supplies in the US remain burdensome as packers curtail slaughter, while Alberta basis strengthened as market-ready supplies tighten. Feeder prices have decoupled from fed cattle and are rising, and heifer retention is expected to lower feeder supplies.
Expected heifer retention tightens feeder supply, supporting feeder prices and feed demand into late summer and fall.
grainews.caJerry KlassenMay 29, 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.
