Higher Prices Attract More Feeder Cattle

CANADA - Just over 25,00 head were sold in Saskatchewan last week (Feb 19-23), up from 18,500 the previous week.
calendar icon 28 February 2007
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The Sask Ag and Food Cattle Market Update says the larger offerings were met with stronger prices.

300-400 pound steers traded $3 per hundredweight higher, while 400-500 pound steers gained $1 per hundredweight and 500-600 pound steers were up $4. The largest gain of the week was seen on 600-700 pound steers, which jumped $6 per hundredweight. 700-800 pound steers were up $3, while the 700-800 and 800-900 pound classes gained $1 and $2 respectively.

Light and heavy heifers traded mainly steady. There was some upward movement in the mid-weight categories. 500-600 pound heifers gained $3 per hundredweight, while 600-700 heifers traded $5 per hundredweight higher.

Sask Ag and Food Beef Economist Sandy Russell says these strong prices will continue to pull cattle into the markets across the province this week.

Fed cattle in Saskatchewan traded slightly lower last week, with heifers taking the brunt of the pressure. Saskatchewan steers averaged 25 cents lower, while heifers dropped $5 per hundredweight from the previous week. In Alberta, steers gained 25 cents, while heifers were down $1.75.

Source: Saskatoonhomepage.ca
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