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Texas and Oklahoma weekly auction summaries for the week ending April 1, 2022 show feeder steers and heifers selling 2-5 dollars higher, with stocker calves up as much as 10 dollars in Oklahoma. Demand was good, and recent rain improved pasture conditions in parts of both states.
Stronger feeder and stocker prices with improving pasture moisture point to healthy feeder demand, though the rally is modest and routine.
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.