I think that over the past year and a half a lot of prospect talent has graduated. Pitchers Ryan (acquired in a trade), Winder, Duran, Jax and Moran, position players Lewis, Larnach and Kirilloff will all have lost their rookie status in 2021 or 2022. The farm system had depth, which contributed to the two Class A teams being at the top of their league. Now, with so many prospects traded, I don't think the system is as deep (for now).
Steer and Cano were probably the only players who had a chance to help in 2022-23. The Twins acquired two pitchers who should be big assets in 2023 in exchange for prospects. I think it was a good choice.