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Canfax reports that the Canadian cattle herd contracted in 2018 to 11.45 million head, the lowest since 1991, with beef cow numbers at 3.66 million. Strong global demand has kept beef and cattle prices steady to slightly stronger than last year.
A shrinking herd supports cattle prices, but larger on-feed inventories and high feed costs add caution. Feed buyers should expect firm feeder demand alongside rising feed expenses.
canadiancattlemen.caCanfaxMay 13, 2019After 78 past neutral report events, Live Cattle moved a median +0.2% over 5 sessions (54% higher; middle half -1.0% to +1.0%), and +0.7% over 20.
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.
