Beef prices looking good for Sask. producers

Posted on 3 April 2023 by Prairie Post

By Fonda Froats PAg

Government of Saskatchewan

Please find attached the Saskatchewan Cattle Market Update based on reporting from the week ending March 31, 2023.  Some highlights include:

·        Canfax reported 12,764 head of Saskatchewan feeder cattle sold over the week, which is above the 10,260 head marketed the previous week.

·        Saskatchewan feeder steer prices were mixed amongst the weight categories reported on March 31.  Prices ranged from $346.00 per cwt for the 400-500lb category to $238.10 per cwt for the 900+lb weight category.

·        The average weekly prices for Saskatchewan’s feeder heifers reported on March 31 were primarily higher compared to the prior week amongst the weight categories reported. Prices ranged from $321.67 per cwt for the 300-400lb weight category to $227.63 per cwt for the 800+lb weight category.

·        Alberta cow prices were mixed compared to the March 24 reporting.  The price of D2 slaughter cows decreased on average $1.86 per cwt from the week prior to average $132.50 per cwt. The price of D3 slaughter cows was up $5.33 per cwt to average $119.13 per cwt.

·        The Canfax price for Alberta fed steers reported on March 31 was $213.73 per cwt. This was up $3.31 per cwt compared to the last reporting of $210.42 per cwt on March 24.

·        The March feeder cattle futures were up US$3.690 per cwt last week to settle Friday at US$193.340 per cwt. The April 2023 contract was up US$6.025 per cwt, week-over-week, to settle Friday at US$200.825 per cwt.

Fonda Froats PAg, Government of Saskatchewan, Provincial Cattle Specialist Livestock, Ministry of Agriculture