Reading Time: 2 minutes Realized net income for Canadian farmers rose 18.3 per cent in 2023 to C$14.5 billion, as growth in receipts offset a rise in expenses, according to a report from Statistics Canada released May 29.
Cow-calf
Realized Canadian farm income up, net income down in 2023
Total farm cash receipts rose 4.4 per cent compared with 2022 on higher crop marketings; cattle prices
Manitoba crop report: Seeding continues despite large rainfall
Reading Time: 2 minutes Despite heavy rains as well as snowfall, Manitoba farmers were still able to make planting progress during the week ended May 25, according to the province’s weekly crop report.
U.S. livestock: Cattle futures turn higher on packer buying expectations
Reading Time: 1 minute Chicago Mercantile Exchange (CME) cattle futures turned higher on Tuesday on technical trading and market anticipation that packers increase buying on a shortened holiday week, analysts said.
Klassen: Demand for grass cattle pushes feeder market higher
Reading Time: 2 minutes In the week ending May 25, Western Canadian feeder cattle markets were trading $4 to $8 higher compared to seven days earlier. Some higher quality genetic packages of 700-pound plus cattle were up as much as $10 from week-ago levels.
Eastern Canada’s largest beef processor on strike
Union says a Cargill plant in Calgary could soon take similar action
Reading Time: 2 minutes Nearly 1000 workers at Cargill’s beef processing plant in Guelph hit the picket lines this morning, as workers strike in an effort to gain better compensation.
U.S. livestock: Live cattle mixed, feeder cattle lower ahead of holiday weekend
Reading Time: < 1 minute Chicago Mercantile Exchange live cattle futures ended mixed on Friday, amid growing uncertainty over packer interest after the U.S. Memorial Day holiday weekend, traders said.
U.S. livestock: Lean hogs hit three-month low on weaker cash prices
Reading Time: 2 minutes Chicago Mercantile Exchange lean hog futures slumped to a February low on Thursday under pressure from solid U.S. production and weaker cash prices, traders said.
New program focuses on data literacy for cow-calf producers
Case studies and mentoring will help give farm data decision-making power
Reading Time: 3 minutes The Data Literacy for Cow-Calf Producers project aims to give farmers and ranchers the chance to discuss best practices and learn from experts and peers about how to use data to make better business decisions.
Data management has varied adoption in the cow-calf sector.
U.S. livestock: Cattle futures continue to rally, lean hogs weaken
Reading Time: < 1 minute Chicago Mercantile Exchange live and feeder cattle futures rallied on Wednesday amid expectations of strength in the cash markets, while lean hog futures faced continued pressure from data showing that U.S. packers are processing a glut of pork, analysts said.
U.S. livestock: CME hogs slide to February low under US production pressure
Reading Time: 2 minutes Chicago Mercantile Exchange lean hog futures dropped to their lowest level since February under pressure from solid U.S. production on Tuesday, while live cattle futures reached their highest price since March, analysts said.