# Lower feedlot placements support cattle market - Grainews

> 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.

- Date: 2024-05-29 · published 2024-05-29T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/30402-lower-feedlot-placements-support-cattle-market-grainews
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Expected heifer retention tightens feeder supply, supporting feeder prices and feed demand into late summer and fall.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: neutral

## Sources

- grainews.ca: https://www.grainews.ca/cattlemans-corner/lower-feedlot-placements-support-cattle-market/

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