
Canada imported 65,035 US cattle from January through June, nearly double the prior year's pace. Dry Canadian conditions have cut hay supplies, making it cheaper to fatten cattle in the US.
Reduced Canadian feeder supply shifts demand toward US feeder cattle, supporting US feeder prices while Canadian cattle flows tighten.
After 47 past bullish trade events, Feeder Cattle moved a median +0.2% over 5 sessions (53% higher; middle half -1.0% to +1.0%), and +1.5% over 20.
After 65 past neutral trade events, Live Cattle moved a median +0.3% over 5 sessions (57% higher; middle half -0.5% to +1.4%), and +2.5% 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.