# Klassen: Feeder cattle trend higher, favourable beef outlook - AgCanada

> 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.

- Date: 2022-06-28 · published 2022-06-28T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/41087-klassen-feeder-cattle-trend-higher-favourable-beef-outlook-agcanada
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Cheaper feed barley and corn improve feedlot margins for late 2022 and early 2023, supporting feeder demand and feed grain purchases.

## Read by commodity

- CORN: bearish ▼
- BARLEY: bearish ▼
- FCATTLE: bullish ▲

## Sources

- agcanada.com: https://www.agcanada.com/daily/klassen-feeder-cattle-trend-higher-favourable-beef-outlook

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