
Western Canadian feeder cattle traded steady to as much as $10 higher for the week ending Aug. 2, with quality grass yearlings up to $15 higher.
Alberta packers bought fed cattle at $505 per cwt dressed, equal to about $303 live. Southern Alberta packer bids for feeder cattle ranged from $297 to $299 per cwt.
Strong feedlot margins and firm fed prices are supporting feeder demand, though variable prices make the grass yearling market hard to define. Buyers should expect firm feeder prices into late summer.
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.