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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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Trending Video

How American Farmers Harvest 1.15 Billion Pounds of Sunflowers

Video: How American Farmers Harvest 1.15 Billion Pounds of Sunflowers

Across the open plains of North Dakota and South Dakota, sunflower fields turn the American landscape into a sea of gold. In this farming documentary, we go inside modern sunflower farming to see how farmers plant, grow, harvest, clean, dry, process, and transform sunflower seeds into valuable products used every day.

In 2024, American farmers harvested about 1.15 billion pounds of sunflowers. This video follows the full journey from warm spring planting to combine harvesting, seed cleaning, storage, oil extraction, refining, roasting, packaging, and animal feed production.

You will see how sunflower seeds are processed into cooking oil, roasted snacks, bakery ingredients, birdseed, livestock feed, and useful byproducts. From golden fields to modern processing plants, this is the story of how a beautiful flower becomes one of America’s important oilseed crops.

Watch until the end to discover how sunflower farming connects farmers, machines, factories, food production, and sustainable agriculture.