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Manitoba Beef Producers president Tyler Fulton speaks in Winnipeg on July 22, 2021 at a federal/provincial announcement including planned changes to crop insurance against this summer’s drought, alongside federal Agriculture Minister Marie-Claude Bibeau and Winnipeg MP Kevin Lamoureux (r). (Dave Bedard photo)
Crops, Hay, Weather

Manitoba triggers hay disaster benefit

Per-tonne rate lifted to cover feed, transport costs

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Manitoba’s crop insurance agency is set to lift the per-tonne rate paid out on insured forage crops to help cover livestock producers’ bills to buy and truck in replacement feed. Manitoba Agricultural Services Corp. (MASC) on Thursday announced a 2021 hay disaster benefit to provide another $44 per tonne, for every tonne below coverage, to […] Read more
Federal Agriculture Minister Marie-Claude Bibeau, shown here with Craig Riese (l) of Keystone Agricultural Producers and Manitoba Beef Producers president Tyler Fulton, speaks on July 22, 2021 at The Forks in Winnipeg. (Dave Bedard photo)
General, Weather

Tax deferrals, crop insurance changes en route against drought

Assessments underway for AgriRecovery, minister says

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Updated — As the federal government looks to manage impacts of ongoing drought conditions in Canada’s West, producers in parts of five provinces can already expect to be eligible for the livestock tax deferral program. Agriculture Minister Marie-Claude Bibeau announced Thursday in Winnipeg that producers in drought-designated areas of southern Alberta, southeastern British Columbia, northwestern […] Read more
(Valerie Loiseleux/iStock/Getty Images)
Beef Cattle, Forages, Livestock, Weather

‘Time is ticking’ on drought response for beef cattle sector

'We need answers like yesterday'

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As Canada’s beef farmers and ranchers face drought, industry leaders are trying to find ways to secure feed and help those forced to sell rebuild their herds. B.C. ranchers are dealing with high temperatures that have “parched the grass that was there,” Kevin Boone, general manager of B.C. Cattlemen’s Association, said during a Canadian Cattlemen’s […] Read more
CME October lean hogs (candlesticks) with 20-day moving average (pink line), CME lean hog index (black line), CME August 2021 lean hogs (brown O/H/L/C) and CME October 2021 live cattle (dark red line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME lean hogs firm on strong pork demand

October live cattle follow beef prices lower

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures gained on Tuesday on short-covering and continued firmness in the wholesale pork market, traders said. “August seems like its anchored by what’s going on in the cutout,” said Altin Kalo, economist at Steiner Consulting Group. “They’ve been surprised by the strength in the pork cutout.” […] Read more
CME August 2021 feeder cattle (candlesticks) with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME feeder cattle firm on tighter supplies

October hogs down on supply expectations

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Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures climbed on Monday, as supplies tightened in the northern U.S. Plains, traders said. “You’ve got a lot of empty yards,” said Scott Varilek, broker at Kooima Kooima Varilek Trading Inc. “We don’t have a lot of large supplies, large runs. You’re going to have to […] Read more
File photo of the flags of Canada and its provinces and territories at Canada Place in Vancouver. (lilly3/iStock/Getty Images)
General, Weather

Request line open for AgriRecovery drought plans, Bibeau says

Formal ask needed to trigger process: ag minister

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Canada’s federal agriculture minister says the government is “ready to receive formal submissions” from provinces for AgriRecovery plans to help Prairie farmers and ranchers up against significant droughts this summer. Marie-Claude Bibeau, summarizing discussions from Thursday’s online meeting with provincial and territorial (FPT) agriculture ministers, said the formal requests “are needed to trigger the process,” […] Read more
(Doug Wilson photo courtesy ARS/USDA)
Barley, Crops, Markets, Spring Wheat, Weather

Feed weekly outlook: Heat reducing potential yields, raising prices

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MarketsFarm — The hot and dry summer that has enveloped all of Western Canada is already bringing down projected yields for feed grains, creating an inverse effect on prices. “We’re losing the crop here right now with the heat and lack of moisture across the Prairies and the northern Plains of the United States,” said […] Read more

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