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2023 Cattle and hog outlook update: feed costs and demand strength lead profit uncertainty

This is the second quarterly update to our 2023 Outlook for cattle and hogs published in February. Over the last two weeks, we updated our Outlooks for dairy and major crops.

Prices for fed steers in Ontario and Alberta have continued to gain since our May outlook update. Our forecasts for each price category are also higher year-over-year (YoY) and significantly higher than their respective five-year averages. Prices for live hogs have similarly improved since May except for Manitoba feeder hogs and isoweans, bringing some relief to eastern producers. However, they’ve not yet returned to the levels we had initially forecasted in February.

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New research chair appointed to accelerate crop variety development

Video: New research chair appointed to accelerate crop variety development

Funded by Sask Wheat, the Wheat Pre-Breeding Chair position was established to enhance cereal research breeding and training activities in the USask Crop Development Centre (CDC) by accelerating variety development through applied genomics and pre-breeding strategies.

“As the research chair, Dr. Valentyna Klymiuk will design and deploy leading-edge strategies and technologies to assess genetic diversity for delivery into new crop varieties that will benefit Saskatchewan producers and the agricultural industry,” said Dr. Angela Bedard-Haughn (PhD), dean of the College of Agriculture and Bioresources at USask. “We are grateful to Sask Wheat for investing in USask research as we work to develop the innovative products that strengthen global food security.”

With a primary focus on wheat, Klymiuk’s research will connect discovery research, gene bank exploration, genomics, and breeding to translate gene discovery into improved varieties for Saskatchewan’s growing conditions.