Written by Neil Billinger - 600 Action News-Local First
Monday, 23 November 2009
Weekly feeder cattle sales in Saskatchewan surpassed 50,000 for the first time during the 2009 fall calf run.
Prices were generally $2 to $3 per hundredweight lower. 500-600 pound steer calves averaged $104.80 per hundredweight . . . compared to $107 during the previous week. Fed cattle prices have been under pressure for the past two weeks and this trend may be reflected in lower bids for feeder cattle.
Fed steers sold in Saskatchewan for $76.05 to $76.85 per cwt liveweight and $127.75 per cwt railgrade. Restrained consumer spending continue to affect beef demand and wholesale beef prices continue to lag well behind 2008 levels.
Feeder Cattle
Steers Range Average Change
300-400 100-133 118.60 2.10
400-500 100-128 114.56 -0.50
500-600 92-120 104.80 -2.20
600-700 87-107 97.51 -2.70
700-800 82-102 93.83 -2.80
800-900 81-95 88.03 -3.80
900+ 80-90 83.58 -3.70
Heifers
300-400 90-109 100.27 no change
400-500 84-108 94.24 -2.00
500-600 80-101 88.80 -3.00
600-700 78-94 84.70 -2.50
700-800 74-88 81.70 -2.70
800+ 72.86 81.17 -0.80
Source: Canfax
Prics are determined from Saskatchewan auction markets' reports of sales from Friday, November 13 to Thursday, November 19