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Canadian fed cattle prices struggled in the fourth quarter of 2022 as front-end supply backed up and carcass weights rose. Mid-December Alberta steer prices were $185.53/cwt, but feedlot margins were negative and basis levels kept weakening.
Heavier carcasses and ample boxed beef supply are keeping fed cattle prices under pressure, though packers buying ahead should keep early 2023 prices steady.
canadiancattlemen.caDebbie McMillinJan 3, 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.
