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Alberta packers bought fed cattle at $270 to $274 dressed, up $2 to $4, and feeding margins turned positive for the first time this year. Western Canadian yearling prices rose $3 to $6 and calf prices jumped $3 to $8, with strong feedlot demand and some US buying.
Improving feeding margins and strong replacement demand support cattle prices and encourage feedlots to buy more feed.
grainews.caJerry Klassen, GFM Network NewsApr 29, 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.
