The 2024 federal budget, tabled today, promises several benefits for Canadian farmers.
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Federal budget promises lower costs, interest relief for farmers
Budget 2024 will see approximately $52 billion spent over five years
U.S. livestock: Live cattle extend recovery
Chicago Mercantile Exchange live cattle futures closed higher for a second consecutive session on Tuesday as the market extended a recovery from oversold conditions, analysts said.
U.S. grains: Soybeans ease under pressure from firm dollar
Chicago Board of Trade soybean futures extended their fall on Tuesday as a strong dollar weighed down the market, analysts said.
Canary seed growers optimistic for 2024
David Nobbs, chair of the Canary Seed Development Commission of Saskatchewan and pulse merchant for Purely Canada Foods, said exports are on pace for 110,000 to 120,000 tonnes in 2023-24, compared to 150,000 to 160,000 in a typical year. Statistics Canada (StatCan) projected 125,000 tonnes of exports for 2023-24, compared to 147,000 the previous year.
China pork output marks first quarterly decline in four years
China's pork output eased in January-March from a year earlier, the first quarterly decline in nearly four years, as farmers slaughtered fewer pigs to support a recovery in hog prices.
Prairie forecast: Effects of Colorado low to bring widespread precipitation
Forecast issued April 16, covering April 16 to 25, 2024
We are putting out this week’s forecast a day earlier than usual, as the weather models now have a good handle on the predicted Colorado low and how it will impact the Prairies starting Tuesday. Here is what the weather models are predicting.
Klassen: Adverse weather weighs on Western Canadian feeder market
Southern Alberta has received over 200 percent of normal precipitation over the past 30 days. Pen conditions are rated poor to very poor in the main feeding pockets of Alberta. Saskatchewan and Manitoba have received less than 40 per cent of normal while Central Alberta has normal to below normal precipitation.
U.S. grains: Markets react calmly to Iran drone attack on Israel
Grain, soy futures end lower; USDA winter wheat ratings decline
CBOT soy, corn and wheat futures closed lower on Monday, anchored by ample grain supplies, slow export demand and a decline in crude oil futures after concerns eased about Iran's weekend drone attack on Israel, analysts said.
Bovine flu a reminder of risk management in markets
While recent price drops have limited options, cow-calf producers can still lock in a profit, says market analyst
The fundamentals still look strong for cattle prices, despite recent hiccups in the futures market, says a market analyst, but for those buying stockers, a little risk management can go a long way.
Denmark bets on cow feed additive to reduce methane emissions
The Nordic country has pledged to reduce emissions by 70 per cent by 2030 compared to 1990 levels.
Denmark has agreed to help farmers finance a feed additive that is expected to reduce methane emissions from cattle by up to 30 per cent, as part of efforts to meet ambitious climate goals, its government said on Monday.
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