# Klassen: Cash feeder prices soften on futures market uncertainty - AgCanada

> Western Canadian feeder cattle prices softened by $3-$5/cwt late in the week of November 14. The January feeder futures contract closed at $226.42/cwt, down $42 from the September 15 high, and feedlot margins turned negative for summer 2024.

- Date: 2023-11-14 · published 2023-11-14T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/33315-klassen-cash-feeder-prices-soften-on-futures-market-uncertainty-agcanada
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Negative feeding margins may reduce feedlot placements and cattle demand, pressuring feeder cattle prices and the demand for feed grains used in finishing.

## Read by commodity

- FCATTLE: bearish ▼

## Sources

- agcanada.com: https://www.agcanada.com/daily/klassen-cash-feeder-prices-soften-on-futures-market-uncertainty

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