Limited numbers for cattle market update

No cattle market update again until the end of August

Please find attached the latest Cattle Market Update, for the week ending June 25. Please note that we will take a break over the summer, resuming weekly reporting near the end of August. Highlights for the week include the following:

·       Feeder steer prices were not reported for this week.

·       Saskatchewan’s feeder heifers were limited in their price reporting this week. Prices were higher across the reported weight categories when compared to prices the previous week. Prices ranged from $202.17 per cwt for the 500-600lb weight category to $167.42 per cwt for the 800+lb weight category. The largest price increase was seen in the 600-700lb weight category, with prices improving by $12.69 per cwt to end the week averaging $186.69 per cwt. The smallest price increase was seen in the 800+lb weight category, with prices improving $3.75 per cwt.

·       Live cattle future contracts also saw mixed prices throughout the week but managed to end the week higher. The June live cattle futures contract saw a price increase of US$1.775 per cwt relative to the previous week to settle at US$122.825 per cwt on Friday. The August contract saw a price increase of $1.250 per cwt compared to the previous week to settle Friday at US$122.800 per cwt.

·       Choice beef cutout prices (600-900 lb.) for the week averaged US$312.20 per cwt, down US$17.52 per cwt from US$329.72 per cwt the previous week, a decrease of 5.3 per cent. However, the choice beef cutout is 48.5 per cent higher than the same week a year ago when it was valued at $210.20.

No cattle market update again until the end of August