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Saskatchewan Cattle Market Continues Upward Trend

Feeder steer and heifer prices were higher across all the reported weight categories last week.
 
The largest price increase for steers occurred in the 400-500lb weight category, increasing $4.05 per hundred weight to end the week at an average price of $239.00 per hundred weight.
 
While Saskatchewan feeder heifer prices saw the largest increase in the 800+ pound category, up $7.71 per hundred weight to end the week at an average price of $163.59 per hundred weight
 
The weekly average steer price, across all reported weight categories, was $204.82 per hundred weight, the weekly average heifer price across the reported weight categories was $181.85 per cwt in Saskatchewan.
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USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension

Video: USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension


USDA took Trumps comments that China would buy more U.S. soybeans seriously and headline news that the U.S./China trade truce would be extended when Trump/Xi meet in the first week of April was a BIG WIN for soybeans this week! 2026 “Mini” U.S. ethanol boom thanks to 45Z + China’s ban of phosphates from Feb. – August of 2026 will not help lower fertilizer prices anytime soon! 30 mmt of Chinese corn harvest is of poor quality and maybe a technical breakout in wheat futures.

*Apologies! Where we talk about the latest CFTC update as of 10th Feb 2026, managed money funds covered their net short position in canola to the tune of +42,746 week-on-week to flip to net long 145 contracts and not (as we mistakenly said) +90,009 wk/wk to 47,408.