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Western Canadian feeder cattle traded steady to $3 lower in the week to May 28, with some calves down $4 to $6. Feed barley in southern Alberta rose $5-10 per tonne to $265-275 delivered.
Much of Saskatchewan has received under 40 percent of normal precipitation, and hay prices are not expected to fall soon.
Rising feed grain costs and dry conditions in Saskatchewan raise the cost of finishing cattle and push feeder prices lower. Higher barley prices also support the feed grain complex in Western Canada.
grainews.caJerry Klassen, GFM Network NewsMay 28, 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.
