# Market Talk: Price outlook for feeder cattle

> Canadian analyst Jerry Klassen says prairie steers were trading at $163 to $165 and 950-pound feeders at $168 to $172, down $10 to $15 since February. Barley stocks are heading to historically low levels, and imported corn prices have risen on Argentina's drought and a weaker Canadian dollar. Feedlot margins look negative from May through August based on current live cattle futures.

- Date: 2018-04-13 · published 2018-04-13T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/65645-market-talk-price-outlook-for-feeder-cattle
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Tighter barley and corn supplies raise feed costs for finishing operations, while negative projected feedlot margins point to weaker demand for feeder cattle later in the year.

## Read by commodity

- CORN: bullish ▲
- BARLEY: bullish ▲
- FCATTLE: bearish ▼

## Sources

- canadiancattlemen.ca: https://www.canadiancattlemen.ca/market-talk/market-talk-price-outlook-for-feeder-cattle/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.