# Klassen: Stronger live cattle futures lift yearling market - AgCanada

> 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.

- Date: 2021-08-31 · published 2021-08-31T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/5295-klassen-stronger-live-cattle-futures-lift-yearling-market-agcanada
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Stronger live cattle futures and better grass support yearling values, while expected lower feed grain prices improve feedlot margins for buyers.

## Read by commodity

- CORN: bearish ▼
- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2021-09-01 | 1 | +3.6% | 6.9 | 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. |
| LCATTLE | 2021-08-31 | 1 | +3.6% | 6.8 | 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. |

## Sources

- agcanada.com: https://www.agcanada.com/daily/klassen-stronger-live-cattle-futures-lift-yearling-market

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.