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Canfax reports that the Canadian cattle herd is steady while larger North American protein supplies are pushing prices down. Feedlots are losing money and fall calf prices have disappointed, though cow-calf returns remain above the 10-year average.
Expanding beef and pork supplies weigh on cattle and feeder prices, which lowers the cost of cattle feed relative to finished animals and pressures feedlot margins.
canadiancattlemen.caCanfaxNov 21, 2016Not 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.
