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Alberta fed cattle sold near $136 per hundredweight in mid-November, with western Canadian feedlots carrying a backlog of about 155,000 market-ready head. Yearling prices fell as rising feed grain costs, particularly high feed barley prices, lifted the cost of gain.
Expensive feed barley raises the cost per pound of gain and pressures yearling values, which reduces feeder demand. Buyers in western Canada should expect continued pressure on cattle margins while barley stays high.
grainews.caJerry KlassenDec 1, 2020Not 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.
