Loading…
Canadian analyst Jerry Klassen reports western Canadian feeder cattle prices near historical highs, with July 1 feeder supplies down 1.5 percent year over year. Beef cow numbers are expected to keep declining through 2025, though Holstein-beef cross feeders are increasing.
Tight feeder supplies support cattle prices and keep feedlot demand for feed steady, while herd expansion signals may limit future upside.
grainews.caJerry KlassenOct 29, 2024After 227 past bullish report events, Feeder Cattle moved a median +0.4% over 5 sessions (57% higher; middle half -1.2% to +1.5%), and +1.1% over 20.
After 268 past bullish report events, Live Cattle moved a median +0.3% over 5 sessions (58% higher; middle half -0.7% to +1.4%), and +1.7% over 20.
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.
