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Sask. cattle markets report for the week of March 27…

Posted on 29 March 2022 by Ryan Dahlman

Attached is the Cattle Market Update for March 25th.

Highlights for the week include:

  • Feeder steer prices were mixed across the reported weight categories for the week compared to the week ending March 18th. Prices ranged from $249.75 per cwt for the 400-500lb weight category to $179.17 per cwt for the 900+lb weight category. The largest price increase was seen in the 500-600lb weight category with an increase of $5.75 per cwt to average $244.75 per cwt for the week. The largest price decrease was seen in the 700-800lb weight category with a price decrease of $1.57 per cwt to average the week at $197.83. The price for the 300-400lb weight category was not available for this week.
  • The average weekly prices for Saskatchewan’s feeder heifer prices saw a similar mix across all the reported weight categories compared to March 18th. Prices ranged from $197.50 per cwt for the 300-400lb weight category to $166.50 per cwt for the 800+lb weight category. The largest price increase reported was seen in the 700-800lb weight category with an increase of $4.45 per cwt to average $177.83 per cwt for the week. The largest price decrease over the week was seen in the 500-600lb weight category with a price decrease of $3.10 per cwt to finish the week averaging $190.90 per cwt.
  • Nearby live cattle future contract prices were mixed throughout the week. The April live cattle futures contract declined slightly (US$0.025 per cwt) relative to the week of March 18th to settle Friday at US$140.475 per cwt. The June contract had a small price increase of US$0.300 per cwt compared to March 18th, to settle Friday at US$137.375 per cwt.
  • Choice beef cutout prices (600-900 lb.) for the week averaged US$261.02 per cwt, a price increase of US$3.68 per cwt or 1.43 per cent from US$257.34 per cwt the week of March 18th.

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