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For the week ending May 27, western Canadian feeder cattle markets averaged $3-$6/cwt higher than the prior week. Alberta packers were buying fed cattle around $238/cwt delivered, and calves under 600 lbs. gained $6-$8/cwt.
Weaker Canadian dollar and firmer deferred live cattle futures supported prices, and recent rains improved Canadian barley yield prospects.
A weaker Canadian dollar and improved feeding margins encourage finishers to restock, which supports feeder cattle values. Firm barley prospects in Canada also support nearby feed grain prices.
agcanada.comAGCanadaMay 30, 2023Not enough comparable past events yet for a historical read.
Not 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.
