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Western Canadian yearling prices were little changed the week of October 5, while calf prices fell $2-3. Feedlot inventories in Alberta and Saskatchewan are 30% above the five-year average, reducing demand for calves.
US feeder futures were softer and Midwest calves were down $5-8 from 20 days earlier.
Heavy feedlot inventories and softer US futures weaken feeder demand, pressuring calf values while lower grain prices in the fall support feeding economics.
agcanada.comAGCanadaOct 5, 2021Not 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.
