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Western Canadian feeder cattle prices were variable in the week ending April 30, with yearlings trading $8 lower to $5 higher. Alberta feedlot inventories are up 10 percent from last year, limiting demand for backgrounded cattle.
August feeder futures fell $8 as some feedlots bought ahead of the usual mid-May to July seasonal rally.
Higher feedlot inventories reduce demand for feeder calves and yearlings, pressuring feeder prices. Feed grain prices continuing to rise raise feeding costs for buyers.
agcanada.comAGCanadaMay 3, 2022Not 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.
