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Western Canadian feeder cattle prices were steady to $3 lower in Alberta and $2-5 lower in Saskatchewan and Manitoba. Yearling prices weakened, and Alberta and Saskatchewan feedlot inventories were 20% above the five-year average.
June live cattle futures fell $4.45 for the week.
Heavy feedlot inventories and negative feeding margins limit demand for feeder cattle, keeping downward pressure on prices. Weaker fed cattle prices also reduce the value buyers will pay for feeders.
grainews.caJerry Klassen, GFM Network NewsFeb 4, 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.
