Cattle Prices Showing Signs of Optimism
Cattle prices saw some gains in the past week
by Shawn Slaght, Swift Current Online (Canada)
28 April 2021
There were slight increases in cattle prices, according to the Ministry of Agriculture’s weekly cattle market report.
Feeder steers saw the largest increase in the 300-to-400-pound category with a gain of $7.66 per one hundred pounds (cwt), for an average of $260.33 cwt. The largest decrease was in the 400-to-500-pound category, dropping $2.81 cwt for an average of $247.79 cwt.
For feeder heifers, the only increase came in the 300–400-pound category with an increase of $3.60 cwt for an average of $217 cwt. The 800-plus pound category saw the largest drop with a decrease of $2.12 cwt for an average of $162.63 cwt.
Provincial cattle specialist Natasha Wilkie said feed grains played a factor in last week’s cattle prices.
“They just kept rising and that, of course, affects your feeder cattle futures, which then affects your cash prices,” Wilkie said.
“That being said, I'm a little bit optimistic...