Reading Time: 2 minutes Compared to last week, Western Canadian yearling or backgrounded steers prices were quoted $5 to $8 higher; yearling or backgrounded heifers were unchanged to $4 higher. Calves were trading $4 to as much as $10 higher.
Precipitation in Alberta, Saskatchewan increases demand for grassers
US grain exports face competition from South America
Wheat futures weaken as U.S. files sanctions against Russia
Rising stockpiles, falling Chinese demand spurred massive short in corn, soy
Soybeans followed corn lower; wheat ended mostly weaker
Lower prices blamed on funds, 'too much farmer ownership'
Some buyers suggest some heifers are being purchased for breeding
Soybean market oversold, analyst says
U.S. soybean crushings dropped more than expected from a record high
U.S. corn shipments continue to put pressure on feed prices