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Western Canadian feeder cattle traded $3-$5 higher week over week as year-end buying and limited supply firmed the market. A USDA report showed lower cattle placements, mainly in lighter weights, and April live cattle futures held near contract highs.
Tighter feeder supplies and firm fed cattle futures support feeder prices, which can modestly sustain feedlot demand for feed.
grainews.caJerry Klassen, GFM Network NewsDec 24, 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.
