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Sask. Agriculture releases weekly cattle report

Posted on 25 January 2021 by Saskatchewan Agriculture

Please find attached the Cattle Market Update for the week ending January 22, 2021. Following are the highlights:

<ul><li>Feeder steer prices were mixed across the weight categories but mostly lower when compared to prices reported the previous week. The largest price increase was seen in the 500-600lb weight category, increasing $2.98 per cwt to end the week at an average price of $218.31 per cwt. The largest decrease was seen in the 400-500lb weight category, decreasing by $2.60 per cwt to end the week at an average price of $239.57 per cwt. The 800-900lb weight category ended the week at an average price of $171.43 per cwt. The weekly average steer price, across the reported weight categories, was $203.72 per cwt in Saskatchewan. </li><li>Saskatchewan feeder heifer prices were mainly higher across the reported weight categories when compared to prices the previous week. The largest price increase was seen in the 400-500lb weight category, increasing $4.42 per cwt to end the week at an average price of $201.17 per cwt. The only decrease was seen in the 700-800lb weight category, with prices declining by $0.31 per cwt to end the week at an average price of $162.57. The 500-600lb weight category saw an increase of $2.12 per cwt to end the week at an average price of $186.25. The weekly average heifer price across the reported weight categories was $181.39 per cwt in Saskatchewan.</li><li>Live cattle futures prices improved throughout the week, with the February contract increasing overall by US$3.950 per cwt relative to the previous week to settle at US$116.725 per cwt on Friday. The April contract saw a slightly higher increase of $4.325 per cwt compared to the previous week to settle at US$122.525 per cwt.</li><li>Choice beef cutout prices (600-900 lb.) for the week averaged US$219.09 per cwt, up US$8.27 per cwt from US$210.82 per cwt the previous week, an increase of 3.9 per cent. The Choice beef cutout is 2.0 per cent lower than the same week a year ago when it was valued at $214.78 per cwt.</li></ul>

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