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Western Canadian yearling prices rose $2 to $4 in the week to July 28, and US prices also gained, supporting Canadian values. Thin volumes on the Prairies and good pasture conditions reduced selling interest.
October feeder cattle futures traded at their highest level since late February.
Thin supplies and strong pasture conditions delaying sales support feeder prices, while firm US futures and a seasonal bounce keep feedlot buyers active.
grainews.caJerry Klassen, GFM Network NewsJul 28, 2020Not 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.
