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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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Sorting Ewes & Rams | Breeding Time On The Farm!

Video: Sorting Ewes & Rams | Breeding Time On The Farm!

In this episode, we’re sorting ewes into their breeding groups and introducing them to unrelated rams. Moving rams between barns always comes with challenges, but once the boys meet their ewes, everyone was eager to settle in!

We also welcome back a returning customer who purchased a Suffolk ram from us last year. This season, she chose a Dorset cross ram, now named Benny, to strengthen her flock’s genetics. It’s always rewarding to see repeat customers who value the quality of our breeding stock.

Arnie then tours the crop fields as harvest season approaches. Despite drought conditions this summer, the crops are looking surprisingly good. We close the day with evening feedings and one last look at the rams with their new breeding groups.

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