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No Alberta feeder auctions were held in the week before New Year's due to the holiday. Fed cattle prices in the US southern Plains rose $3 to $4 on the week, and Alberta fed cattle were expected to trade around $161 to $165 live in early January.
Feedlots were bidding aggressively for short-keep replacements.
Improved feedlot margins and firm fed prices support feeder demand and keep yearling prices firm into January. The price direction is bullish for feeder cattle.
manitobacooperator.caGFM Network News, Jerry KlassenJan 2, 2019Not 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.
