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The Canadian fed cattle market slid from its September peak as futures fell and beef demand lagged, with cash trading $8.74/cwt below that high. Fed steer slaughter in Canada was down 8% in 2023 and carcass weights rose.
Smaller slaughter and tighter fed cattle supplies support prices, while weak demand and heavier carcasses limit gains, which matters for Canadian feedlot margins.
canadiancattlemen.caDebbie McMillinJan 3, 2024Not 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.
