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Western Canadian feeder cattle markets were variable, with Alberta prices down $3 to $7 while eastern Prairie prices held steady. Alberta and Saskatchewan feedlot inventories are running 16% above year-ago levels, limiting buying power.
Large feedlot inventories reduce demand for feeder cattle and feed, which weighs on feeder prices in the near term.
country-guide.caJerry KlassenDec 4, 2018Not 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.
