# Klassen: Feeder market remains under pressure - Grainews

> 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.

- Date: 2020-02-04 · published 2020-02-04T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/54726-klassen-feeder-market-remains-under-pressure-grainews
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

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.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Sources

- grainews.ca: https://www.grainews.ca/daily/klassen-feeder-market-remains-under-pressure/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.