# Positive margins underpin feeder complex - Grainews

> Alberta fed cattle were bought at $229-230/cwt in April, with feeding margins turning positive for the first time in nearly three years. Feed barley holds at C$415-425/tonne in southern Alberta. Canadian barley export demand for 2023/24 is expected to fall sharply as acreage rises.

- Date: 2023-06-03 · published 2023-06-03T12:00:00.000Z
- Category: trade · region Canada · magnitude low
- Page: https://feedsoft.ai/events/35632-positive-margins-underpin-feeder-complex-grainews
- Commodities: [Barley](https://feedsoft.ai/c/BARLEY.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Positive feeding margins support feeder cattle demand, while expected larger barley supplies and weaker export demand point to lower barley prices.

## Read by commodity

- BARLEY: bearish ▼
- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| FCATTLE | 2018-07-18 | [U.S. livestock: CME cattle rise but hog futures weaken - Grainews](https://feedsoft.ai/events/5215-u-s-livestock-cme-cattle-rise-but-hog-futures-weaken-grainews.md) | +1.0% | -1.6% |
| FCATTLE | 2020-11-05 | [U.S. livestock: Cattle futures up on firm cash, export hopes - Grainews](https://feedsoft.ai/events/7937-u-s-livestock-cattle-futures-up-on-firm-cash-export-hopes-grainews.md) | +2.1% | +1.5% |
| FCATTLE | 2025-04-01 | [Feeder market recovers from tariff discounts](https://feedsoft.ai/events/25724-feeder-market-recovers-from-tariff-discounts.md) | -3.0% | +2.6% |
| FCATTLE | 2026-10-08 | [Weekly protein report: Feeder cattle supplies remain tight despite renewed Mexican imports
						 \| The Cattle Site](https://feedsoft.ai/events/17199-weekly-protein-report-feeder-cattle-supplies-remain-tight-despite-renewed.md) | +0.9% | -0.1% |
| FCATTLE | 2019-09-17 | [SE Asia Report: Indonesia imports a massive 75,000 feeders in August - Beef Central](https://feedsoft.ai/events/57032-se-asia-report-indonesia-imports-a-massive-75-000-feeders-in-august-beef-central.md) | +3.7% | +6.6% |
| LCATTLE | 2018-07-18 | [U.S. livestock: CME cattle rise but hog futures weaken - Grainews](https://feedsoft.ai/events/5215-u-s-livestock-cme-cattle-rise-but-hog-futures-weaken-grainews.md) | +1.7% | +0.9% |
| LCATTLE | 2020-11-05 | [U.S. livestock: Cattle futures up on firm cash, export hopes - Grainews](https://feedsoft.ai/events/7937-u-s-livestock-cattle-futures-up-on-firm-cash-export-hopes-grainews.md) | +3.1% | +3.7% |
| LCATTLE | 2021-04-07 | [Lean hogs gain as African Swine Flu worries open up export markets \| Financial Post](https://feedsoft.ai/events/47755-lean-hogs-gain-as-african-swine-flu-worries-open-up-export-markets-financial.md) | +1.5% | -3.7% |

## Sources

- grainews.ca: https://www.grainews.ca/cattlemans-corner/positive-margins-underpin-feeder-complex/

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