Sask. Cattle Market Update ending Sept. 15

Posted on 19 September 2023 by Prairie Post

The Cattle Market Update based on the week ending September 15.  Some highlights from the report include:

• Canfax reported 11,292 head of Saskatchewan feeder cattle sold over the week.

• Average feeder steer prices ranged from $486.81 per cwt for the 300-400lb weight category down to $311.38 per cwt for the 900+lb weight category this week. A price decline was observed in the 400-500lb and 900+lb weight classes.

• Weekly prices for Saskatchewan’s feeder heifers ranged from $437.83 per cwt for the 300-400lb weight category to $298.88 per cwt for the 800+lb weight category. Prices increased across all weight classes, with the greatest change being +$56.33 per cwt for 300-400lb feeder heifers.

• The CME feeder and live cattle futures for October 2023 closed Friday ahead of the week prior at $264.475 per cwt and $186.925 per cwt, respectively (US$). 

• The price for Alberta fed steers averaged $233.19 per cwt for the week ending September 15.    A year ago, the fed cattle price for Alberta fed steers averaged $180.79 per cwt for the same week.

• Prices of Alberta cows reported on September 15 were down compared to September 8.  D2 slaughter cows decreased on average $4.89 per cwt from the week prior to average $138.61 per cwt. The price of D3 slaughter cows was down $1.31 per cwt over the prior week, ending the week at an average of $127.86 per cwt.