This week’s Cattle Market Update looked promising for beef producers in Sask. Highlights include:

· Feeder steer prices were steady to higher this week with the 500-600 lb. steer category increasing $3.55 per cwt to $232.75 per cwt. The 600-700 pound steers increased $3.29 per cwt compared with last week to average $213.79 per cwt. The 700-800 pound steers increased $4.30 per cwt compared with last week to average $197.00 per cwt. The 800-900 pound steers increased $9.00 per cwt over last week to $183.50 per cwt. All other weight categories were not reported this week.

· Saskatchewan feeder heifer prices for the 500-600 pound heifers increased $4.30 per cwt to $197.00 per cwt, while prices increased $4.26 per cwt for 600-700 pound heifers to average $184.56 per cwt. The price of 700-800 pound heifers was 174.75 per cwt., an increase of $4.15 per cwt. Not enough data was provided to report activity in the remaining weight categories.

· Feeder cattle futures decreased this week. The August futures feeder cattle contract settled at $134.175 per cwt. down $1.175 per cwt from last Friday’s US$135.35 per cwt settlement. The September feeder cattle contract decreased by $0.275 per cwt for the week to settle at US$135.475 per cwt. 

· Live cattle futures prices decreased this week, with the June contract decreasing by US$5.825 per cwt relative to last week to settle at US$93.90 per cwt on Friday. The August contract decreased $3.425 per cwt compared to the previous week to settle at US$96.175 per cwt.

·Choice beef cutout prices (600-900 lb.) for the week averaged US$297.90 per cwt, down US$76.14 per cwt from US$374.04 per cwt the previous week, a decrease of 20.4 per cent. The Choice beef cutout remains $75.33 per cwt, or 33.8 per cent higher, than the same week a year ago when it was valued at $222.57 per cwt.

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.