# Beef Market Update: Quiet trade week as we get closer to the halfway point of summer - RealAgriculture

> Trade in Canadian and U.S. cattle was quiet the week ending July 27, with cattle trading about $2 lower than the year's average. Drought on the Canadian prairies is expected to bring the fall feeder run forward. U.S. GDP was reported strong, and cold storage volumes rose.

- Date: 2018-07-29 · published 2018-07-29T12:00:00.000Z
- Category: weather · region Canada · magnitude low
- Page: https://feedsoft.ai/events/64172-beef-market-update-quiet-trade-week-as-we-get-closer-to-the-halfway-point-of
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Early marketing of drought-affected feeder cattle adds supply and could pressure feeder prices, while strong U.S. GDP supports protein demand.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| FCATTLE | 2019-06-02 | [Feed cost increases have feedyards paying attention to the weather market - RealAgriculture](https://feedsoft.ai/events/58669-feed-cost-increases-have-feedyards-paying-attention-to-the-weather-market.md) | +3.1% | +2.8% |
| FCATTLE | 2017-05-30 | [Weekly Market Highlights – Cattle Current Market Update](https://feedsoft.ai/events/9900-weekly-market-highlights-cattle-current-market-update.md) | +8.8% | +1.7% |
| FCATTLE | 2019-05-24 | [Cattle Current Weekly Highlights—Week ending May 24, 2019 – Cattle Current Market Update](https://feedsoft.ai/events/5752-cattle-current-weekly-highlights-week-ending-may-24-2019-cattle-current-market.md) | -1.8% | -1.4% |
| FCATTLE | 2019-06-03 | [Agri Marketing Update](https://feedsoft.ai/events/11385-agri-marketing-update.md) | +3.1% | +2.8% |
| FCATTLE | 2024-10-07 | [Fall Cattle Market Update for Midwest](https://feedsoft.ai/events/28014-fall-cattle-market-update-for-midwest.md) | +0.1% | -1.1% |
| LCATTLE | 2023-10-24 | [Beef prices have barely moved at the supermarket, frustrating farmers copping cattle price crash - ABC News](https://feedsoft.ai/events/10315-beef-prices-have-barely-moved-at-the-supermarket-frustrating-farmers-copping.md) | +1.1% | -3.0% |
| LCATTLE | 2023-08-07 | [El Niño: Anticipatory Action and Response Plan, August-December 2023 - Mitigating the expected impacts of El Niño-induced climate extremes on agriculture and food security - World \| ReliefWeb](https://feedsoft.ai/events/34472-el-nino-anticipatory-action-and-response-plan-august-december-2023-mitigating.md) | +0.4% | -0.8% |
| LCATTLE | 2020-07-29 | [Feeder Cattle Future Price Spreads: Opportunities to Hedge? \| Ohio BEEF Cattle Letter](https://feedsoft.ai/events/52254-feeder-cattle-future-price-spreads-opportunities-to-hedge-ohio-beef-cattle.md) | +1.4% | +7.1% |

## Sources

- realagriculture.com: https://www.realagriculture.com/2018/07/beef-market-update-quiet-trade-week-as-we-get-closer-to-the-halfway-point-of-summer/

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