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Western Canadian feeder markets were steady by the end of the week of September 29 after early weakness following USDA's Cattle on Feed report. Alberta packers paid $132-134 for fed cattle, and calves were arriving in larger volumes, with 500-600 lb steers trading at a premium to Alberta averages.
Steady yearling demand from feedlots offsets bearish sentiment from the USDA report, so prices hold near recent levels. Larger calf supplies are a mild seasonal headwind for feeder values.
grainews.caJerry Klassen, GFM Network NewsOct 2, 2017Not 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.
