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Western Canadian feeder cattle markets had limited activity over the holidays, with prices mostly unchanged and cold weather tempering buying. Live and feeder cattle futures reached four-week highs.
Barley prices rose over the past week as winter conditions slowed off-farm grain movement.
Higher barley prices raise feedlot costs per pound of gain, which supports feeder cattle values, while firm futures underpin the cash trade.
grainews.caJerry Klassen, GFM Network NewsJan 1, 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.
