TractorWise

Western Canadian feeder cattle prices traded steady to as much as $5 lower over the past week. Early in the week, buyers incorporated a risk discount due to the extremely cold temperatures, especially in the Eastern prairie regions. By Thursday, markets were factoring in the larger beef supply forecasts from the U.S. Department of Agriculture, which bolstered fears of a “2016 deja vu.” Order buyers were quite busy but interest was limited on price and quantity. Many Alberta operations appear to be carry...