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Western Canadian feeder cattle traded $5 to $8 higher on average, with higher-quality feeders up to $12 higher. Alberta packers bid near $177 live, well above breakeven pen closeouts.
Central Alberta values traded at a premium to Manitoba and Saskatchewan.
Strong fed cattle prices and near-historic feeding margins are pulling demand for feeders, tightening backgrounded supplies. Feeder prices are likely to stay firm.
grainews.caJerry Klassen, GFM Network NewsApr 25, 2017Not 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.
