Upcoming tariffs by United States President Donald Trump could greatly affect feedlots and grain farmers in Western Canada according to Market Place Commodities president Jim Beusekom.
Cattle feed industry in Western Canada under threat
Feed wheat, U.S. corn too expensive
Corn prices could rise if tariffs are imposed
Increases unlikely until late February
Weaker Canadian dollar less of an influence
Transportation issues push up barley prices
The production risk still must be bred out of Prairie-grown corn before it can reach its full potential in feedlots