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Western Canadian feeder cattle prices were unchanged week over week, with steady buying from Ontario and quiet U.S. interest over Thanksgiving. Cattle-on-feed inventories in Alberta and Saskatchewan are running 16 per cent above year-ago levels, and pen space is tight.
Heavy feedlot inventories and weak U.S. cash feeder prices cap feeder cattle values, while uncertain feed grain prices make custom feeders reluctant to guarantee gains, which weighs on demand for feed.
manitobacooperator.caGFM Network News, Jerry KlassenNov 27, 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.
