Sask. cattle market update (Nov. 4)

Posted on 7 November 2022 by Prairie Post

Saskatchewan Agriculture

See attached for the Cattle Market Update based on the week ending November 4, 2022.  Some highlights include:

• Saskatchewan markets were busy, with Canfax reporting 44,454 head of feeder cattle sold over the week, which is 1,701 head more than the 42,753 head sold the previous week.

• Feeder steer and heifer prices were mixed across all weight categories over the week when compared to prices reported the previous week. Feeder steers prices ranged from $340.00 per cwt for the 300-400lb weight category to $234.42 per cwt for the 800-900lb weight category. Prices for feeder heifers ranged from $250.86 per cwt for the 300-400lb weight category to $206.30 per cwt for the 800+lb weight category.

• The nearby November feeder cattle futures contract price was down slightly (US$0.050 per cwt) last week over the previous week to settle Friday at US$177.825 per cwt. Similarly, the 

• December live cattle futures contract were down US$1.350 per cwt over the previous week and settled Friday at US$151.650 per cwt.

• Lethbridge Barley remained steady last week at $455.00/tonne.

• Choice beef cutout prices (600-900lb.) for the week averaged US$263.74 per cwt, up 1.0 per cent from US$261.19 per cwt the previous week. The beef cutout price is 8.6 per cent lower than the same week a year ago when it averaged US$288.64.