Cattle market was good second week of February

Please find attached the latest Cattle Market Update for the week ending February 12. Highlights for the week include:

  • Feeder steer prices were mainly higher across the weight categories when compared to prices reported the previous week. The largest price increase was seen in the 500-600lb weight category, increasing $8.93 per cwt to end the week at an average price of $231.83 per cwt. The only decrease week-over-week was seen in the 400-500lb weight category, decreasing by $0.90 per cwt to end the week at an average price of $244.85 per cwt. The 800-900lb weight category ended the week at an average price of $179.00 per cwt. The weekly average steer price, across the reported weight categories, was $213.57 per cwt in Saskatchewan. 
  • Saskatchewan feeder heifer prices were mixed but mainly higher across the reported weight categories when compared to prices the previous week. The largest price increase was seen in the 600-700lb weight category, increasing $3.92 per cwt to end the week at an average price of $180.63 per cwt. Decreases were seen in both the 500-600lb and 700-800lb weight categories, with prices decreasing by $2.08 per cwt and $0.10 per cwt respectively. The 700-800lb weight category ended the week at an average price of $166.90 per cwt. The weekly average heifer price across the reported weight categories was $181.13 per cwt in Saskatchewan.
  • Live cattle futures prices were mixed throughout the week, ending the week higher overall with the February contract increasing by US$0.475 per cwt relative to the previous week to settle at US$117.200 per cwt on Friday. The April contract saw an increase of $1.400 per cwt compared to the previous week to settle at US$125.175 per cwt.
  • Choice beef cutout prices (600-900 lb.) for the week averaged US$233.37 per cwt, down US$1.94 per cwt from US$235.31 per cwt the previous week, a decrease of 0.7 per cent. The Choice beef cutout is 12.6 per cent higher than the same week a year ago when it was valued at $207.52 per cwt.

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