Loading…
Western Canadian feeder cattle prices were little changed from the prior week, with buyers turning cautious as futures eroded. Wholesale beef values slipped and Alberta packers bought limited volumes.
Feed barley traded at $160 per tonne delivered Lethbridge amid an early harvest pointing to burdensome feed grain supplies.
Ample feed barley supplies and softer cattle values lower feedlot input costs but weaken feeder demand, pointing to lower barley and feeder cattle prices in the near term.
agcanada.comAGCanadaAug 23, 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.
