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Weekly Cattle Reports Show Some Positive Movement

Saskatchewan's feeder steer and heifer prices showing some upward movement across all weight categories last week.
 
The largest price increase for feeder steers was in the 700-800lb weight category, increasing $3.83 per cwt to end the week averaging $196.58 per cwt.
 
Saskatchewan feeder heifer prices saw the largest price increase in the 700-800lb weight category, with prices increasing by $3.12 per cwt to end the week averaging $173.00 per cwt.
 
The weekly cattle marketing report shows the average steer price was $212.41 per cwt, while the average heifer price was $188.96 per cwt.
 
Provincial Cattle Specialist Natasha Wilkie says when it comes to factors influencing the markets there's some good support coming from the choice beef cattle prices.
 
"They're continuing to go on the rise again. They went out $20 over last week's price. futures markets were also on the rise last week. And you know, a big part of it too just comes down to seasonality. This is the time of year that those prices start to go up which, again boils down to supply and demand."
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