Saskatchewan Auction Marts saw another increase in feeder cattle

Nov 10, 2022

Saskatchewan's Ministry of Agriculture releasing the latest Cattle Marketing Report for the week ending November 4th.

Here are some of the highlights.........

Saskatchewan markets were busy, with Canfax reporting 44,454 head of feeder cattle sold over the week, which is 1,701 head more than the 42,753 head sold the previous week.
Feeder steer and heifer prices were mixed across all weight categories over the week when compared to prices reported the previous week. Feeder steers prices ranged from $340.00 per cwt for the 300-400lb weight category to $234.42 per cwt for the 800-900lb weight category. Prices for feeder heifers ranged from $250.86 per cwt for the 300-400lb weight category to $206.30 per cwt for the 800+lb weight category.
The nearby November feeder cattle futures contract price was down slightly (US$0.050 per cwt) last week over the previous week to settle Friday at US$177.825 per cwt. Similarly, the
December live cattle futures contract were down US$1.350 per cwt over the previous week and settled Friday at US$151.650 per cwt.
Lethbridge Barley remained steady last week at $455.00/tonne.
Choice beef cutout prices (600-900lb.) for the week averaged US$263.74 per cwt, up 1.0 per cent from US$261.19 per cwt the previous week. The beef cutout price is 8.6 per cent lower than the same week a year ago when it averaged US$288.64.
There was also a drop in the slaughter cow price with D2's averaging $94.60 per hundred weight while the price of D3 slaughter cows were down $4.78 to average at $81.79 per hundred weight.

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