Saskatchewan Cattle Market Update

Posted on 13 March 2023 by Prairie Post

Please find attached the Saskatchewan Cattle Market Update based on reporting from the week ending March 3.  Some highlights include:

·         Canfax reported Saskatchewan feeder cattle volumes at 12,200 head sold over the week, up from the 7,779 head the previous week.

·         Prices for Saskatchewan feeder steers and heifers were primarily higher last week, compared to the previous week.

o   Prices for Saskatchewan steers ranged from $352.40 per cwt for the 300-400lb weight category to $236.00 per cwt for the 900+lb weight category.

o   Saskatchewan feeder heifer prices ranged from $288.30 per cwt for the 300-400lb weight category to $220.10 per cwt for the 800+lb weight category.

·         Alberta cow prices were up compared to the February 24 reporting. The price of D2 slaughter cows increased $6.20 per cwt over the week prior to average $113.50 per cwt. The price of D3 slaughter cows were up $6.00 per cwt to average $100.50 per cwt.

·         The Canfax price for Alberta fed steers reported on March 3 was $201.85 per cwt.  This was up $3.54 per cwt compared to the last reporting of $198.31 per cwt on February 24.

·         The USDA cattle on feed report for February 1 said there were 11,704,000 cattle on feed which is 96 percent of a year ago.

·         The January 1, 2023 estimate from Statistics Canada stated that Saskatchewan had 2.2 million cattle and calves, down 0.9 percent from January 2022.

• Saskatchewan beef cow and replacement heifer inventories were down 1.8 and 5.0 percent respectively.
• The number of Saskatchewan heifers put on feed increased 9.7 per cent to 56,300 head.