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Western Canadian feeder cattle prices firmed in late December 2016 as February live cattle futures reached six-month highs. Auction values were $2-$6 higher than the prior month, and Alberta fed cattle were quoted at $157-$159.
Stronger live cattle futures and tight feeder supply support higher feeder and fed cattle prices, which raises feeding costs for buyers. Feedlot margins were reported as healthy.
manitobacooperator.caGFM Network News, Jerry KlassenJan 3, 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.
