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Western Canadian yearling prices fell $2-$4 and calves $3-$5 as weakness in fed cattle spilled into feeders. Alberta fed cattle were quoted at $147 live, about $12 below breakeven.
Analyst Jerry Klassen says the feed grain outlook for fall is bullish.
Weak fed cattle prices are squeezing feeder margins, while a bullish feed grain outlook adds cost pressure. Feed buyers should watch the fall feed grain price trend.
grainews.caJerry Klassen, GFM Network NewsJun 11, 2019Not enough comparable past events yet for a historical read.
Not 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.
