# Klassen: Feeder market establishes defensive tone - AgCanada

> 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.

- Date: 2016-08-23 · published 2016-08-23T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/9395-klassen-feeder-market-establishes-defensive-tone-agcanada
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

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.

## Read by commodity

- BARLEY: bearish ▼
- FCATTLE: bearish ▼

## Sources

- agcanada.com: https://www.agcanada.com/daily/klassen-feeder-market-establishes-defensive-tone

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.