Loading…
Canadian Cattlemen's monthly markets column reports fed cattle prices hit annual highs in September, with steer prices at $181.94/cwt, the highest since spring 2017. Cash-to-cash basis was wide and fed cattle were still selling at negative margins on Canfax data.
Tight fed cattle supply and strong prices support higher cattle values, while negative feedlot margins point to pressure on feeder demand and placements.
canadiancattlemen.caDebbie McMillinNov 1, 2022Not 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.
