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Livestock

Steady Demand Supports Prices

Marketi ngs of cattle at the auction yards in Manitoba during the week ended April 23 were again fairly strong, with the numbers dependent on the region of the province. Price levels for most classes of cattle held steady if not a bit stronger. However, there continued to be large discounts for poor-quality and fleshy
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More Strength In Store For Canadian Dollar

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The Canadian dollar moved back above parity with its U. S. counterpart on April 20, and appears poised to see further strength, according to a currency analyst. After hitting parity earlier in the month, retreating, and then bouncing back to parity with the U. S. dollar following comments from the Bank of Canada, the Canadian
Livestock

“Renewed Optimism” Boosts Demand For Grass Cattle

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Mov e -ment o f cattle to the auction yards in Manitoba declined during the week ended April 1. The closure of a number of auction yards because of the Good Friday and Easter holiday long weekend was tied to the lower marketings. Values for the cattle held steady, with strong demand for grass cattle
Hogs, News

Hog Loan Applications Lagging

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Afederally backed loan program to help Canada’s hog producers recover from a severe financial crisis is receiving less response than expected. According to Farm Credit Canada, lending institutions have so far approved 73 loans for $269 million, with a federal reserve fund covering $159 million of that. FCC is the biggest single lender, approving 43
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Cheap Loans Buoy Canada Farmers In Recession

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Canadian farmers have survived a year of recession with the ratio of debt to equity little changed and optimism still in place, said a key official with Canada’s top farm-lending institution. Cheap access to credit in Canada, in contrast to that in the United States, has been the key to the relatively buoyant agriculture economy,
Hogs, News

Hog Program May Lend Less Than Expected

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“I know the industry is short a billion dollars.” – andrew dickson, mpc Pork producers worry that a federally guaranteed loan program for the financially troubled hog industry may lend only a fraction of the money originally hoped for. Ottawa has set aside $400 million in cash as a reserve to backstop special long-term loans
Forages, Livestock

Manitoba Producers Keep Eye On Hay Harvest

DWAYNE KLASSEN RNI “The numbers being marketed are just not enough to fill the trucks.” The summer doldrums continued to dominate the cattle auction yards in Manitoba during the week ended July 24. The number of marketings hitting the auctions continued to be on the light side, with values for most classes of animals seeing
News

Credit flowing to Canuck farmers

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“We’re not seeing a host of people lining up at the door because the bank has kicked them out. “ – LYNDON CARLSON Credit will continue to flow to Canadian farmers despi te a global credit crunch that has decimated stock markets and triggered a global recession, says Lyndon Carlson, Farm Credit Canada’s senior vice-president
News

Canada’s farmers nervously eye financial crisis

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“I think what started out looking like a great year has suddenly… chilled a little bit.” Canadian farmers, alarmed by plunging commodity prices, are nervous that the global financial crisis could tighten up the credit they count on to tackle the rising cost of planting crops and feeding livestock. There have been few signs of

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