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Canadian feeder cattle prices peaked in early October and have since fallen, with March feeder futures down nearly $15 from contract highs. Backgrounders who bought expensive calves face negative margins, and feedlot margins are projected to turn negative in Q2 2019.
Heavier U.S. and Canadian feeder supplies and weaker margins point to softer feeder cattle prices into spring 2019, which affects feed demand from feedlots.
canadiancattlemen.caJerry KlassenDec 12, 2018Not 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.
