# Klassen: Lower beef production forecasts support feeder complex - Grainews

> Western Canadian yearling markets were mostly unchanged, while calf markets were steady to $5 higher, with some light calves up $10-$20. Feedlots are shopping aggressively for quality calves, and the October-to-August feeder futures spread is $22.50.

- Date: 2023-09-27 · published 2023-09-27T12:00:00.000Z
- Category: report · region Canada · magnitude low
- Page: https://feedsoft.ai/events/34271-klassen-lower-beef-production-forecasts-support-feeder-complex-grainews
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Lower beef production forecasts and strong feedlot demand for calves support feeder cattle prices. The carry in the futures curve encourages feedlots to buy ownership earlier.

## Read by commodity

- FCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| FCATTLE | 2022-02-28 | [USDA lowers 2022 meat, poultry production forecast \| MEAT+POULTRY](https://feedsoft.ai/events/42652-usda-lowers-2022-meat-poultry-production-forecast-meat-poultry.md) | -4.3% | -2.2% |
| FCATTLE | 2023-12-04 | [Lower Beef Production Affecting 2024 Prices](https://feedsoft.ai/events/32624-lower-beef-production-affecting-2024-prices.md) | +0.4% | +5.1% |
| FCATTLE | 2026-04-21 | [Beef outlook 2026: Lower production, strong prices and rising imports](https://feedsoft.ai/events/19861-beef-outlook-2026-lower-production-strong-prices-and-rising-imports.md) | +0.5% | -0.0% |
| FCATTLE | 2017-11-08 | [Lower supply outlook strengthens cattle prices - Grainews](https://feedsoft.ai/events/68118-lower-supply-outlook-strengthens-cattle-prices-grainews.md) | -1.4% | -8.7% |
| FCATTLE | 2023-04-25 | [Beef production raised on higher fed cattle slaughter \| Ag Proud](https://feedsoft.ai/events/6723-beef-production-raised-on-higher-fed-cattle-slaughter-ag-proud.md) | +3.5% | +2.0% |

## Sources

- grainews.ca: https://www.grainews.ca/daily/klassen-lower-beef-production-forecasts-support-feeder-complex/

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