WEEK ENDING January 19, 2018
● Western Canadian cattle markets were overall lower last week while U.S markets were primarily higher.
● Alberta fed steer prices declined $1.50 per cwt last week to average $164.16 per cwt.
● Saskatchewan feeder steer prices were lower in all weight categories with prices declining between $5.50 per cwt and $14.75 per cwt.
● Saskatchewan feeder heifer prices were also lower in all weight categories declining between $1.00 per cwt and $9.88 per cwt.
● U.S. feeder cattle futures prices were higher from the previous week with the January contract increasing US$3.600 per cwt to settle last Friday at US$147.950; while the March contract increased US$2.950 per cwt to settle last Friday at US$145.600 per cwt.
● U.S. nearby live cattle futures prices were also higher last week with the February contract increasing US$4.525 per cwt to settle last Friday at US$121.900 per cwt; while the April contract increased US$3.275 per cwt to settle last Friday at US$122.725 per cwt.
● U.S. weekly choice beef cutout prices averaged US$205.89 per cwt last week, down US$3.72 per cwt or 1.8 per cent from US$209.61 per cwt the previous week.
● USDA January World Agricultural Supply and Demand Estimates are projecting U.S. beef production to increase 6.1 per cent in 2018 to 27.760 billion lb.
● U.S. beef, pork, broiler and turkey production is projected to increase 3.8 per cent or 3.8 billion lb. in 2018 from 2017.
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Cattle prices updated with Recent Market information
This information is provided as a resource by Saskatchewan Agriculture staff.
All stated cattle prices are based on the weekly Canfax Market Outlook and Summary. Please use this information at your own risk