
Statistics Canada reported that Prairie wheat prices (excluding durum) rose for a fourth consecutive month in September and were up 15% to 20% year over year. Slaughter cattle and hog prices fell in every province over the same month, while canola prices dipped across the western provinces with the new harvest but stayed above last year.
Higher Canadian wheat prices raise the cost of wheat-based feed ingredients, while lower cattle and hog prices signal weaker livestock margins that may reduce feed demand. Canola prices remain supported by biofuel demand.
After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% over 20.
Not enough comparable past events yet for a historical read.
After 144 past bearish report events, Live Cattle moved a median -0.1% over 5 sessions (49% higher; middle half -1.1% to +0.9%), and +0.5% over 20.
After 159 past bearish report events, Lean Hogs moved a median -0.2% over 5 sessions (47% higher; middle half -2.2% to +1.3%), and +1.0% 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.