
Western Canadian yearling calf prices fell $3-8 per cwt on average, while calves under 450 pounds held steady to $10 higher. Cash feeder prices did not follow a $20 per cwt rise in feeder cattle futures, with Lloydminster Charolais steers averaging 940 lb at $490 per cwt and Manitoba mixed steers at 901 lb at $504 per cwt.
Limited supplies of yearlings off grass kept feedlots paying premiums for cash cattle, widening the gap with futures. Feedlots buying on the cash market signals firm demand for feed in Canadian cattle operations.
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.