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Canadian analyst Jerry Klassen reports western Canadian yearling and calf prices near 52-week highs, with fed cattle prices ratcheting higher after September seasonal lows. Alberta feed barley has risen about $50/mt year over year and diverged from corn, with Canadian barley stocks expected to be historically tight.
Canadian feeder exports to the US are running sharply above last year.
Tight Canadian barley stocks and higher feed barley prices raise feed costs for cattle feeders while record US corn yields keep corn cheaper, a divergence that shifts feed-grain demand.
canadiancattlemen.caJerry KlassenOct 25, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
