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Western Canadian feeder cattle prices moved mixed in the past week, with calves and yearlings trading within a few dollars either way. Negative feeding margins and weaker deferred live cattle futures weighed on heavier weight classes, while Alberta fed cattle were reported at $148-$150.
Negative feeding margins reduce feedlot demand for heavier cattle, which pressures feeder prices and reduces demand for feed grains and feed ingredients in the near term.
grainews.caJerry Klassen, GFM Network NewsDec 5, 2017Not 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.
