# Klassen: Cash feeder market shrugs off lower futures - Grainews

> 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.

- Date: 2019-04-29 · published 2019-04-29T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/59748-klassen-cash-feeder-market-shrugs-off-lower-futures-grainews
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Improving feeding margins and strong replacement demand support cattle prices and encourage feedlots to buy more feed.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- grainews.ca: https://www.grainews.ca/daily/klassen-cash-feeder-market-shrugs-off-lower-futures/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.