Saskatchewan Cattle Market Update on March 27

Please find attached the Saskatchewan Cattle Market Update based on reporting from the week ending March 24, 2023.  Some highlights include:

·         Canfax reported Saskatchewan feeder cattle volumes at 10,260 head sold over the week, below the 12,255 head marketed the previous week.

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

o   Saskatchewan steers ranged from $360.25 per cwt for the 300-400lb weight category to $236.25 per cwt for the 900+lb weight category.

o   Saskatchewan feeder heifer prices ranged from $295.30 per cwt for the 400-500lb weight category to $227.97 per cwt for the 800+lb weight category.

·         Alberta cow prices were up again compared to the March 17 reporting.  The price of D2 slaughter cows increased $2.28 per cwt from the week prior to average $134.36 per cwt. The price of D3 slaughter cows was up $0.50 per cwt to average $113.80 per cwt. 

·         The Canfax price for Alberta fed steers reported on March 24 was $210.42 per cwt. This was up $2.52 per cwt compared to the last reporting of $207.90 per cwt on March 17.

·         The March feeder cattle futures were up US$0.800 per cwt last week to settle Friday at US$189.650 per cwt. while the April 2023 contract was up slightly (US$0.150 per cwt), week-over-week, to settle Friday at US$194.800 per cwt.

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