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Alberta fed cattle prices eased in July as market-ready supplies rose and wholesale beef weakened. Feeder cattle prices in western Canada kept rising, and US placements in the second quarter were up slightly.
The USDA report showed the US herd still contracting.
Tight feeder supplies and firm feeder prices support demand for feed grains in cattle feeding. Softer fed prices reflect weaker beef demand at the margin.
grainews.caJerry KlassenAug 24, 2023Not enough comparable past events yet for a historical read.
Not 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.
