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Sask. cattle prices were good for the weekend ending Sept. 3

Posted on 7 September 2021 by Natasha Wilkie
Heifer prices were mostly higher too

Please find attached the latest Cattle Market Update for the week ending September 3. Highlights for the week include the following:

· Feeder steer prices were mainly higher across the weight categories when compared to prices reported the previous week. Prices ranged from $272.88 per cwt for the 300-400lb weight category to $184.50 per cwt for the 900+lb weight category this week. The largest price increase was seen in the 400-500lb weight category, with prices improving $6.75 per cwt to end the week averaging $250.00 per cwt. The largest price decrease was seen in the 600-700lb weight category, with prices declining $3.65 per cwt to end the week averaging $210.35 per cwt.

·Average weekly prices for Saskatchewan’s feeder heifers were also mostly higher across the reported weight categories when compared to prices the previous week. Prices ranged from $221.94 per cwt for the 300-400lb weight category to $177.35 cwt for the 800+lb weight category. The largest price increase was seen in the 300-400lb weight category, with prices improving $12.44 per cwt to end the week averaging $221.94 per cwt. The only price decrease was seen in the 500-600lb weight category, with prices declining $2.23 per cwt to end the week averaging $188.10 per cwt.

· Live cattle future contracts saw declines throughout most of the week, with the exception of Wednesday, ending the week lower overall. The October live cattle futures contract had a price decrease of US$4.325 per cwt relative to the previous week to settle at US$124.800 per cwt on Friday. The December contract had a similar price decline of $4.400 per cwt compared to the previous week to settle Friday at US$130.925 per cwt.

· Choice beef cutout prices (600-900 lb.) for the week averaged US$339.54 per cwt, down US$7.48 per cwt from US$347.02 per cwt the previous week, a decrease of 2.2 per cent. The choice beef cutout is 49.3 per cent higher than the same week a year ago when it was valued at $227.39.

· US corn prices decreased significantly on anticipation of harvest starting.

Natasha Wilkie, BSA, PAg (she/her) is the Government of Saskatchewan, A/Provincial Cattle Specialist (Livestock, Ministry of Agriculture)

Heifer prices were mostly higher too

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