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Western Canadian feeder cattle traded $2 to $3 either side of unchanged in the week to Oct 29, with steady demand across the prairies. Calf supplies under 550 pounds were larger than usual, and adverse weather was affecting the market.
Stable Canadian feeder prices with limited yearling supply support current feeder values. Weather-related calf volume could add pressure later.
grainews.caJerry Klassen, GFM Network NewsOct 29, 2019Not 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.
