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Western Canadian feeder cattle traded $3-5 per cwt above the prior week, with lighter cattle up to $8 higher, after futures rallied sharply and feedlots resumed buying. Historically strong feeding margins and tight grassers supported the surge, and US placements were high in March.
Strong feeding margins and tight lighter-weight supplies lift feeder cattle prices, raising the cost of putting cattle on feed.
farmtario.comJerry KlassenMay 1, 2017
grainews.caJerry Klassen, GFM Network NewsMay 1, 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.
