# Expect stronger cattle markets for third quarter - Grainews

> Jerry Klassen writes that Q1 feeder cattle placements fell year over year in both Canada and the US, which should tighten market-ready supplies in summer. Alberta fed cattle were quoted around $378-$380 per cwt dressed in March, and Western Canadian feeder prices are climbing. US cattle on feed as of February 1 were 11.797 million head, up about 1%.

- Date: 2024-04-17 · published 2024-04-17T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/30877-expect-stronger-cattle-markets-for-third-quarter-grainews
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Tighter summer supplies and a stronger fed cattle outlook support cattle prices and buying interest for feeder animals, which lifts feed demand.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- grainews.ca: https://www.grainews.ca/cattlemans-corner/expect-stronger-cattle-markets-for-third-quarter/

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