# Klassen: Feedlot demand up prior to seasonal rally - AgCanada

> 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.

- Date: 2022-05-03 · published 2022-05-03T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/6080-klassen-feedlot-demand-up-prior-to-seasonal-rally-agcanada
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Higher feedlot inventories reduce demand for feeder calves and yearlings, pressuring feeder prices. Feed grain prices continuing to rise raise feeding costs for buyers.

## Read by commodity

- CORN: bullish ▲
- FCATTLE: bearish ▼

## Sources

- agcanada.com: https://www.agcanada.com/daily/klassen-feedlot-demand-up-prior-to-seasonal-rally

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