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Western Canadian feeder cattle prices were little changed, with wide regional variation across the Prairies. Alberta steers traded steady to $5 higher, while Saskatchewan and Manitoba varied.
Ontario feedlots pulled back, cutting feeder exports to a trickle; the USDA inventory report was viewed as constructive.
Weak Ontario demand and reduced exports soften feeder values in eastern Canada, while Alberta strength reflects local feedlot demand. Buyers face regional price differences.
grainews.caJerry Klassen, GFM Network NewsFeb 5, 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.
