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Western Canadian yearling prices rose $3 to $6 from the prior week as live cattle futures surged nearly US$3 on Monday. Recent rains rejuvenated Prairie pastures, and new-crop U.S. corn was trading at a discount to barley.
Stronger live cattle futures and better grass support yearling values, while expected lower feed grain prices improve feedlot margins for buyers.
agcanada.comAGCanadaAug 31, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
Live cattle futures surged nearly US$3 on Monday 8/30-31, showing strong upward momentum that carried into the 9/1 move and supported sentiment.
Reports live cattle futures surged nearly US$3 on Monday Aug 30, the leading edge of the rally into the Aug 31 close, showing the momentum behind the move.
