Saskatchewan's Weekly Cattle Market Update

Mar 23, 2022

Highlights for the week include:

Feeder steer prices were mixed across the reported weight categories for the week compared to the week ending March 11th. Prices ranged from $243.63 per cwt for the 300-400lb weight category to $180.18 per cwt for the 900+lb weight category. The largest price increase was seen in the 500-600lb weight category with an increase of $6.12 per cwt to average $239.00 per cwt for the week. The largest price decrease was seen in the 300-400lb weight category with a price decrease of $9.87 per cwt to average the week at $243.63.
The average weekly prices for Saskatchewan’s feeder heifer prices saw a similar mix across all the reported weight categories compared to March 11th. Prices ranged from $201.35 per cwt for the 400-500lb weight category to $168.10 per cwt for the 800+lb weight category. The largest price increase reported was seen in the 800+lb weight category with an increase of $4.93 per cwt to average $168.10 per cwt for the week. The largest price decrease over the week was seen in the 500-600lb weight category with a price decrease of $2.40 per cwt to finish the week averaging $194.00 per cwt. The price for the 300-400lb weight category was not available for this week.
Nearby live cattle future contract prices also saw an increase throughout the week. The April live cattle futures contract increased US$3.200 per cwt relative to the week of March 11th to settle Friday at US$140.500 per cwt. The June contract had a price increase of US$4.125 per cwt compared to March 11th, to settle Friday at US$137.075 per cwt.
Choice beef cutout prices (600-900 lb.) for the week averaged US$257.34 per cwt, a price decline of US$3.64 per cwt or 1.43 per cent from US$253.70 per cwt the week of March 11th.
In addition - Lethbridge barley came in at $447 50 cents per tonne Canadian dollars. Our Iowa State corn we saw it come in at $6.93 per bushel US dollars which ended up being $344.21 per tonne Canadian dollars. And our Omaha corn came in at $7.17 per US dollar per bushel, which ended up coming out to $356.13 per tonne in Canadian dollars.
Canfax reported a total of 12,347 head of cattle were sold in Saskatchewan this week, up from 11,187 head during the week ending March 11th, but lower than the 15,684 head marketed during the same week in 2021

Video: Veteran Farmers: A Legacy of Service in Rural America

Veterans Day is a time to honor the men and women who have selflessly protected our freedoms and values. And for some, the transition from military service to civilian life brings them back to the farm.

At Farm Bureau, we believe it’s important to not only celebrate veterans but also those who continue to make a difference in agriculture and their community. We've partnered with Farm Credit to establish the Veteran Farmer Award of Excellence to shine a light on those who have continued to go above and beyond to serve their communities.

This year, we recognize retired Colonel Joe Ricker as the inaugural Veteran Farmer Award of Excellence winner. Joe served over 30 years in the Army before retiring from the Pentagon and completing tours in both Iraq and Afghanistan. Since leaving the Army, his commitment to excellence in farming and enriching the lives of veterans has blossomed in a myriad of ways in both his local community of Wilkinson, Indiana, and across the country. Joe grows apples and raises bees on his farm in Indiana. Joe founded “Veterans IN Farming,” an organization, now with more than 1,100 members, dedicated to providing veterans in Indiana with the tools and training to succeed in agriculture.

The American Farm Bureau Federation is an independent, non-governmental, voluntary organization, comprised of and directed by farm and ranch families who engage in all types of food, fuel and fiber production.