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Western Canadian calf prices are about 25% higher than a year ago, and beef prices are up. Drought has forced cow liquidation on the Prairies and in southern Alberta and Saskatchewan.
Rising input costs are cited as a risk to producer margins.
Tight cattle supplies from drought-driven herd liquidation support feeder and calf prices. Higher input costs, including feed, could erode returns and cap how far producers can benefit.
producer.comAlex McCuaigNov 3, 2022After 79 past bullish weather events, FCATTLE moved a median +0.1% over 5 sessions (53% higher; middle half -1.4% to +1.7%), and +1.4% over 20.
After 1,465 past bullish weather events, CORN moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% over 20.
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.
