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Quality yearling feeder packages traded $6-$10 per cwt higher week over week, with some up to $12. Strong buying interest reflects tighter beef supplies for 2024 and weaker cash corn values, and dry pasture in Saskatchewan and Alberta is pushing yearlings to market early.
Drying pastures and tight beef supplies push feeder prices up, and weaker cash corn encourages feedlots to buy more cattle to fatten on cheaper feed.
grainews.caJerry Klassen, GFM Network NewsJul 18, 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.
