Cattle prices higher than normal last week for Sask. producers

Please find attached the latest Cattle Market Update for the week ending March 26, 2021. Highlights for the week include the following:

  • Feeder steer prices were mainly higher across the weight categories when compared to prices reported the previous week. The only price decrease was seen in the 500-600lb weight category, decreasing $1.83 per cwt to end the week averaging $229.17 per cwt. The largest price increase week-over-week was seen in the 400-500lb weight category which increased by $3.73 per cwt to end the week averaging $252.33 per cwt. The 800-900lb weight category ended the week with an average price of $177.50 per cwt. The weekly average steer price, across the reported weight categories, was $205.35 per cwt in Saskatchewan.
  • Saskatchewan feeder heifer prices were mainly lower across all the reported weight categories when compared to prices the previous week. The only price increase was seen in the 700-800lb weight category, with prices increasing by $3.25 per cwt to end the week averaging $171.50 per cwt. The largest price decrease was seen in the 600-700lb weight category, decreasing $2.09 per cwt to end the week averaging $180.33 per cwt. The 800+lb weight category ended the week with an average price of $159.25 per cwt. The weekly average heifer price across the reported weight categories was $182.89 per cwt in Saskatchewan.
  • Live cattle futures prices saw increases occurring throughout the week. Live cattle futures ended the week with the April contract improving by US$1.700 per cwt relative to the previous week to settle at US$120.100 per cwt on Friday. The June contract saw a price increase of $3.100 per cwt compared to the previous week to settle Friday at US$121.775 per cwt.
  • Choice beef cutout prices (600-900 lb.) for the week averaged US$234.78 per cwt, up US$7.03 per cwt from US$227.75 per cwt the previous week, an increase of 3.1 per cent. The Choice beef cutout is 8.0 per cent lower than the same week a year ago when it was valued at $255.07 per cwt.

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