# Klassen: Canadian feeder market rationing demand - AgCanada

> 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.

- Date: 2023-05-30 · published 2023-05-30T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/36073-klassen-canadian-feeder-market-rationing-demand-agcanada
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

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.

## Read by commodity

- BARLEY: neutral
- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- agcanada.com: https://www.agcanada.com/daily/klassen-canadian-feeder-market-rationing-demand-2

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