Cattle Market Update; Sask. Agriculture

Saskatchewan Agriculture looking for your opinion on the Cattle Market Update.  If you haven’t already done so, please click here to take our short survey (https://agsurveys.gov.sk.ca/s3/Cattle-Market-Update-Survey), which closes on December 12, 2023.

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

• Saskatchewan feeder cattle sold at auction marts declined for the week ending November 24, with Canfax reporting 27,940 head sold, compared to the 38,009 head marketed the previous week.

• Feeder steer prices were mixed amongst the weight categories compared to the previous week. Prices ranged from $469.33 per cwt for the 300-400lb weight category, down to $283.50 per cwt for the 900+lb weight category.

• Saskatchewan’s feeder heifers were mostly improved compared to the prior week.  Prices ranged from $380.92 per cwt for the 300-400lb weight category to $266.75 per cwt for the 800+lb weight category. 

• Prices of Alberta cows reported on November 24 were down compared to November 17.  D2 cows decreased on average $5.82 per cwt from the previous week to average $122.28 per cwt.  D3 slaughter cows were down $4.63 per cwt from the prior week, ending the week at an average price of $110.83 per cwt.

• Alberta fed steers averaged $228.19 per cwt for the week ending November 24.

• Both the feeder cattle and live cattle futures were down on Friday to end the week. 

◦ The January feeder cattle futures fell a considerable US$9.175 per cwt over the week to settle Friday at US$219.325 per cwt.  The March 2024 contract also decreased similarly by US$8.250 per cwt, week-over-week, to settle Friday at US$222.725 per cwt.

◦ The December live cattle futures contract price decreased US$5.500 per cwt over the week to settle Friday at US$170.250 per cwt. The February 2024 contract for live cattle decreased similarly by US$5.825 per cwt from the previous week and settled Friday at US$170.975 per cwt.

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