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Cattle markets looking solid in Sask.

Posted on 22 February 2021 by Saskatchewan Agriculture
Cattle producers should be smiling

According to Saskatchewan Agriculture and the latest Cattle Market Update for the week ending February 19 — markets were good. 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 400-500 lb weight category, increasing $8.53 per cwt to end the week at an average price of $253.38 per cwt. The only decrease week-over-week was seen in the 900+lb weight category which declined by $0.67 per cwt to end the week at an average price of $173.00 per cwt. The 800-900lb weight category ended the week at an average price of $181.80 per cwt. The weekly average steer price, across the reported weight categories, was $217.15 per cwt in Saskatchewan.

·         Saskatchewan feeder heifer prices were higher across all the reported weight categories when compared to prices the previous week. The largest price increase was seen in the 500-600lb weight category, increasing $9.00 per cwt to end the week at an average price of $199.00 per cwt. The smallest increase was seen in the 400-500lb weight category, with prices increasing by $1.60 per cwt to end the week at an average price of $209.10 per cwt. The 700-800lb weight category ended the week at an average price of $172.00 per cwt. The weekly average heifer price across the reported weight categories was $191.44 per cwt in Saskatchewan.

·         Live cattle futures prices saw the same trend throughout the week, ending the week lower overall with the February contract decreasing by US$1.275 per cwt relative to the previous week to settle at US$115.925 per cwt on Friday. The April contract saw a decrease of $1.500 per cwt compared to the previous week to settle at US$123.675 per cwt.

·         Choice beef cutout prices (600-900 lb.) for the week averaged US$236.56 per cwt, up US$2.79 per cwt from US$233.77 per cwt the previous week, an increase of 1.2 per cent. The Choice beef cutout is 15.0 per cent higher than the same week a year ago when it was valued at $205.71 per cwt

Cattle producers should be smiling

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