Close-up from the federal government’s initial assessment map for the livestock tax deferral provision for the 2023 tax year as of Aug. 10. (AAFC map)

Livestock tax deferral list begins in West for 2023

AgriRecovery work 'progressing,' feds say

The level of drought in parts of Western Canada so far this year has given the federal government a head start in drafting its list of jurisdictions where producers can get in on the livestock tax deferral provision. Agriculture Minister Lawrence MacAulay on Monday announced an initial list of designated regions for the provision for

CBOT November 2023 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Soybeans run up to three-week high on hot, dry weather

Wheat eases on Ukrainian export efforts

Chicago | Reuters — Chicago soybeans rose for a fourth straight session on Monday, reaching a three-week high as hot, dry U.S. conditions fueled concerns over crop stress. Wheat fell as Ukraine sought new Black Sea avenues for export, adding pressure to corn futures. Markets were awaiting results from the annual Pro Farmer crop tour,


(Dave Bedard/File photo)

AAFC cuts production numbers on drought

Wheat production figures reduced, corn up

MarketsFarm — Agriculture and Agri-Food Canada published its August outlook for principal field crops on Friday, with some notable changes. Production for several cereal, oilseed and pulse crop were reduced, leading to revisions in exports, domestic usage and ending stocks. The report pointed to drought in southern Alberta and western Saskatchewan for the downward move.

CME October 2023 live cattle with 20-, 50- and 75-day moving averages. (Barchart)

U.S. livestock: October live cattle futures lowest since July

October hogs up almost a cent

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended lower on Thursday, with the most-active contract hitting its lowest price since July, as the market continued to retreat from recent highs. Futures and cash prices have jumped this year after drought reduced the amount of pastures available for grazing and prompted U.S. cattle


CME October 2023 live cattle with 20- and 50-day moving averages. (Barchart)

U.S. livestock: CME live cattle set two-week low

Lean hogs touch June low

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures stumbled to their lowest level in more than two weeks on Wednesday, while lean hogs hit their lowest price since June. Drought prompted U.S. cattle producers to reduce their herds since last year by driving up feed costs and reducing the amount of pasture available

Smoke rises from a wildfire near Wildwood, Alta., about 100 km west of Edmonton, on May 5, 2023. (Photo: Alberta Wildfire/Handout via Reuters)

Alberta farmers granted late AgriStability entry

Enrolment deadline now Sept. 29

Any Alberta producers who were considering AgriStability — but only in hindsight — for the income stabilization plan’s 2023 program year now have until Sept. 29 to apply. Ottawa and the province announced Aug. 4 that they’ve reopened the jointly-funded program, as wildfires and/or “extremely dry” growing conditions have dragged on many Alberta producers’ work


Dry pastures near Virden near the end of July.

Manitoba’s hay picture remains unclear

Without rain, many farmers could find themselves short

Farmers who think they might be short on feed should take steps now or risk paying higher prices amid lack of supply, according to Manitoba’s forage experts. “You may wait and find out that it’s gone up three, four or five cents a pound, or it may not even be available at the quality that

File photo of a sunrise over an Alberta barley crop. (MNphotography/iStock/Getty Images)

Feed weekly outlook: Crop conditions, barley demand lower

Prices expected steady to lower for now

MarketsFarm — As combining operations begin, dryness continues to plague crops in many parts of Saskatchewan. But while crop conditions aren’t as bad as they were during the drought of 2021, according to trader Evan Peterson from JGL Commodities in Saskatoon, crops are still very parched. “Southern and western parts are very, very poor. But


North Dakota spring wheat yield down as drought widens

North Dakota spring wheat yield down as drought widens

Reuters – Spring wheat yields in North Dakota, the U.S.’s top-producing state, will exceed the five-year average but fall short of last year as farmers grapple with an expanding drought, scouts on an annual crop tour said July 25. The Wheat Quality Council tour predicted an average yield of 47.4 bushels per acre, compared to

Dry weather slashes EU bumper crop expectations

Reuters – The European Union’s crop monitoring service further reduced its yield forecasts July 24 for this year’s harvest, citing dry and hot weather. Crop prospects in the bloc have taken on extra significance since Russia’s invasion of Ukraine, a major wheat, corn and sunflower exporter, has disrupted Black Sea exports and raised uncertainty over