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Western Canadian feeder cattle traded $5-$8 lower on average last week, with yearlings down as much as $10-$12, following Chicago futures. CME August live cattle were down $32 from January highs and September feeders down $40 from winter peaks.
Buyers are applying a risk discount for weaker beef demand from rising unemployment, pressuring feeder values and cattle feeding margins in Canada and the US.
agcanada.comAGCanadaApr 7, 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.
