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Basis Update - Alberta fed cattle cash to futures basis levels started weakening in October of last year, and after the surprisingly weak basis levels in February, they have moderated and are trending somewhat in line to the five-year average. Cash to futures basis levels have been below the five-year average in every week of 2019, but for the last couple of weeks they have been within $1-2/cwt of the average ...
AB/SK Cattle on Feed - Canfax released the June 1st cattle on feed report today marking the thirteenth consecutive month on feed inventories have been above year ago levels. No big surprises were noted on this months COF report and for the most part was in-line with expectations with lower placements and larger fed cattle marketings versus last year ...