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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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EP 73 Diversity is Resiliency – Stories of Regeneration Part 6

Video: EP 73 Diversity is Resiliency – Stories of Regeneration Part 6

During the growing season of 2023 as summer turned into fall, the Rural Routes to Climate Solutions podcast and Regeneration Canada were on the final leg of the Stories of Regeneration tour. After covering most of the Prairies and most of central and eastern Canada in the summer, our months-long journey came to an end in Canada’s two most western provinces around harvest time.

This next phase of our journey brought us to Cawston, British Columbia, acclaimed as the Organic Farming Capital of Canada. At Snowy Mountain Farms, managed by Aaron Goddard and his family, you will find a 12-acre farm that boasts over 70 varieties of fruits such as cherries, apricots, peaches, plums, pears, apples, and quince. Aaron employs regenerative agriculture practices to cultivate and sustain living soils, which are essential for producing fruit that is not only delicious but also rich in nutrients.