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Western Canadian feeder cattle markets for the week ending April 25 traded $4 to $8 per cwt above the prior week. Alberta packers began buying fed cattle at $486/cwt delivered on a dressed basis, up $11.
Calf supplies appear significantly tighter than last year, and buyers are stepping up for grass cattle.
Tighter Canadian calf supplies and stronger fed cattle bids support higher feeder costs and encourage feedlot placements. This maintains demand for feed in western Canada.
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.