Cattle prices were mixed in Sask. last week

Please find attached the latest Cattle Market Update for the week ending March 5. Highlights for the week include the following:

·       Feeder steer prices were mixed across the weight categories when compared to prices reported the previous week. The largest price increase was seen in the 400-500lb weight category, increasing $2.89 per cwt to end the week averaging $254.75 per cwt. The largest price decrease week-over-week was seen in the 700-800lb weight category which declined by $4.71 per cwt to end the week averaging $188.50 per cwt. The 800-900lb weight category ended the week with an average price of $178.10 per cwt. The weekly average steer price, across the reported weight categories, was $216.04 per cwt in Saskatchewan.

·       Saskatchewan feeder heifer prices were lower across all the reported weight categories when compared to prices the previous week. The smallest price decrease was seen in the 500-600lb weight category, decreasing $1.80 per cwt to end the week averaging $197.70 per cwt. The largest price decrease was seen in the 300-400lb weight category, with prices decreasing by $6.40 per cwt to end the week averaging $211.30 per cwt. The 700-800lb weight category ended the week with an average price of $167.30 per cwt. The weekly average heifer price across the reported weight categories was $187.28 per cwt in Saskatchewan.

·       Live cattle futures prices saw both ups and downs this week, ending the week slightly lower. Live cattle futures ended the week with the April contract declining by US$0.975 per cwt relative to the previous week to settle at US$119.025 per cwt on Friday. The June contract saw a price decline of $0.425 per cwt compared to the previous week to settle Friday at US$118.000 per cwt.

·       Choice beef cutout prices (600-900 lb.) for the week averaged US$234.39 per cwt, down US$6.00 per cwt from US$240.39 per cwt the previous week, a decrease of 2.5 per cent. The Choice beef cutout is 13.3 per cent higher than the same week a year ago when it was valued at $206.94 per cwt.

If you have any questions regarding the report, please don’t hesitate to give me a call.

Recommended for you

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.