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Western Canadian feeder cattle traded steady to $5 higher in the week, with feedlots buying aggressively. Alberta packers paid $165 for fed cattle, about $25 above breakeven, the highest finishing margins in 30 months.
Strong feedlot margins encourage restocking and firm feeder demand, which supports feeder and calf prices and feed grain demand in Canada.
grainews.caJerry Klassen, GFM Network NewsFeb 28, 2017Not enough comparable past events yet for a historical read.
Not 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.
