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Canadian feeder cattle prices are being shaped by an abnormal price structure, with 500- to 700-pound calves down $10 to $20 from spring highs. Yearling prices have held at or above 52-week highs.
Western Canadian feedlots face a backlog of market-ready supply until spring 2021.
Feedlot backlogs and the weak calf-to-yearling spread suggest feeder demand will stay uneven. Feed grain values are a key input to feeder pricing and will influence winter cattle bids.
canadiancattlemen.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.
