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Southern Alberta yearling cattle prices rose $3 to $8 per hundredweight from the prior week as feedlots bought aggressively amid snug supplies of quality feeders. Barley prices dropped about $20 per tonne over the past two weeks, and a weaker Canadian dollar also supported the market.
Cheaper barley lowers feed costs for feedlots and supports restocking demand for cattle, while the weaker Canadian dollar supports cattle values.
grainews.caJerry Klassen, GFM Network NewsJun 26, 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.
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.
