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Western Canadian yearling and calf prices rose in the week reported, with calves under 600 lbs up $4 to $10 in some cases. February and April live cattle futures reflected a risk premium tied to uncertain beef production in early 2020, and February live cattle hit fresh contract highs.
Tight yearling supplies and a risk premium in deferred live cattle futures support feeder prices, while negative feeding margins temper demand near term.
country-guide.caJerry KlassenDec 3, 2019Not 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.
