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Western Canadian yearling prices fell $2 to $4 on average in the week ending Aug. 20, 2019.
U.S. feeder cattle dropped US$4 to $8 after the Aug. 9 Tyson fire, which kept U.S. buyers out of the Canadian market.
April 2020 live cattle futures had fallen US$9 since late July.
Weaker U.S. live cattle futures and uncertainty over fourth-quarter fed cattle prices push feeder values down as buyers add a risk discount. Feedlot margins are negative, which limits demand for feeder animals.
grainews.caJerry Klassen, GFM Network NewsAug 20, 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.
