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Western Canadian yearlings traded $8 to $12 higher last week as feedlots bought aggressively while supplies were limited. Feed barley fell $20 per tonne in Southern Alberta and imported corn dropped $10 per tonne.
December live cattle futures traded at a $12 premium to August.
Cheaper feed barley and corn improve feedlot margins for late 2022 and early 2023, supporting feeder demand and feed grain purchases.
agcanada.comAGCanadaJun 28, 2022Not 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.
