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Western Canadian yearling prices were steady to $2 lower last week, while calves weighing 500 to 650 lbs traded $2-$4 lower. Feed barley prices rose another $5-$10 per tonne and imported corn gained $3-$6 per tonne in the Lethbridge area.
Buyers also applied risk discounts tied to rising COVID-19 cases and the US election.
Rising barley and corn prices raise feedlot costs and weigh on feeder demand, pushing calf and yearling values lower. Feed buyers should watch barley as a key price driver in western Canada.
manitobacooperator.caGFM Network News, Jerry KlassenSep 29, 2020Not 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.
