inflation Archives - Page 4 of 8

One source of inflation that is not changing for the better is the tight labour market, which will continue in 2023.

Editor’s Column: The most expensive crop ever put in the ground, again

By Kari Belanger April 10, 2023

If you’re a little worried about the upfront cost of putting in this year’s crop, Farm Credit Canada’s 2023 economic outlook might put your mind at rest. While this year’s costs of production are poised to match or exceed last year’s record as the most expensive crop ever, FCC’s outlook indicates it may also be […] Read more

File photo of signage outside Maple Leaf Foods’ Lagimodiere Boulevard plant in Winnipeg. (Dave Bedard photo)

Livestock, Markets

Maple Leaf sees ‘inflection point’ beyond red ink of 2022

Packer books net losses in Q4, full-year

By Dave Bedard, GFM Network News March 14, 2023

Another of Canada’s major pork and poultry packers has reported significant net losses in its 2022 ledger, but sees “green shoots” suggesting a return to normal pork markets and stable supply chains this year. Maple Leaf Foods on Thursday reported a net loss of $311.89 million on $4.739 billion in gross sales for its fiscal […] Read more

Due to a shortfall in income every year, Herb and Margie will need to withdraw money from their RRIFs.

Columns

A simple retirement plan

A couple’s farmland is set up for generational transfer

By Andrew Allentuck February 17, 2023

In north-central Manitoba, a couple we’ll call Herb, 66, and Margie, 64, are planning retirement in just a few months. They have 320 acres they own personally. They have owned the land for almost 30 years. It will qualify for the farmland capital gains exemption. When sold, therefore, the property will not bear capital gains […] Read more

CBOT March 2023 soybeans (candlesticks) with 20-day moving average and November 2023 soybeans (dark green o/h/l/c). (Barchart)

Crops, Markets, Reuters

U.S. grains: Soybeans end higher in choppy trade

CBOT corn mixed, wheat down; MGEX, K.C. wheats up

By Julie Ingwersen, GFM Network News February 17, 2023

Chicago | Reuters — U.S. soybean futures inched higher on Thursday while corn ended narrowly mixed after a choppy session as traders weighed poor crop prospects in Argentina against the expanding harvest of a massive Brazilian soybean crop and fears of rising interest rates, analysts said. Chicago Board of Trade (CBOT) wheat futures fell on […] Read more

CME February 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

Livestock, Markets, Reuters

U.S. livestock: CME live cattle ease on profit-taking

February cattle lower after nearing eight-year top; hogs follow cash prices higher

By Julie Ingwersen, GFM Network News February 15, 2023

Chicago | Reuters — U.S. live cattle futures closed lower on Tuesday on profit-taking after rising to the highest levels in nearly eight years, with worries about the health of the U.S. economy adding to bearish sentiment, analysts said. Benchmark April live cattle futures on the Chicago Mercantile Exchange settled down 0.425 cent at 164.675 […] Read more

NDP ag critic Alistair MacGregor speaks Feb. 3, 2023 in the House of Commons. (Alistair MacGregor video screengrab via Facebook)

General, Markets

Federal NDP ag critic to handle food inflation file

Mini-shuffle follows new critic portfolio

By Dave Bedard, GFM Network News February 5, 2023

Canada’s federal New Democrats have appointed their critic for agriculture and agri-food to a new point position on a major issue for the fourth-ranked opposition party. After the House of Commons resumed sitting last Monday (Jan. 30), NDP leader Jagmeet Singh on Friday named Alistair MacGregor, MP for the Vancouver Island riding of Cowichan-Malahat-Langford, to […] Read more

Farm Credit Canada says Canadian farmers are in a good position to meet the challenges 2023 may present.

Editor's column, Wheat & Chaff

Editor’s Column: Waves of optimism and bewilderment

By Kari Belanger January 4, 2023

Before I get into my first column of 2023, I’d like to wish you a Happy New Year! I hope 2023 is a great year for all. That said, what a wild ride 2022 was. The high commodity prices and the promise of a new growing season after the 2021 drought had us all feeling […] Read more

File photo of the produce section at a Canadian grocery store. (FatCamera/E+/Getty Images)

General, Markets, Reuters

Competition Bureau to probe soaring food prices

Retail food prices seen outpacing inflation

By Reuters, GFM Network News October 24, 2022

Reuters — Canada’s competition watchdog said on Monday it would examine factors impacting soaring food prices and whether more competition in the grocery stores sector could help lower costs for Canadians. Price rises for store-bought food have been outpacing the broader annual inflation rate for 10 consecutive months, and grew 11.4 per cent in September, […] Read more

Beef Cattle, Livestock, Markets

Klassen: Demand fears cause feeder cattle market volatility

Barley values continue upward

By Jerry Klassen, GFM Network News October 5, 2022

Compared to last week, western Canadian yearling markets traded $4 higher to as much as $6 lower. Strength was noted in the eastern Prairie regions while the market was softer in Alberta. Western Canadian calves were extremely volatile, trading $5 higher to as much as $10 lower in some cases. It’s not uncommon for markets […] Read more

Beef Cattle, Livestock, Markets

Klassen: Steady demand underpins feeder cattle complex

By Jerry Klassen, GFM Network News September 27, 2022

Compared to last week, Alberta yearling markets traded $2-$4 on either side of unchanged; however, 800-pound-plus cattle in Manitoba and Saskatchewan appeared to trade $4-$6 higher. Yearling prices across the Prairies are now relatively even with no freight discounts from major southern Alberta markets. Calf markets are becoming more defined with larger volumes on offer. […] Read more

Alberta crop conditions improve: report

U.S. grains: Corn sets contract lows on expectations for big US crop

U.S. livestock: Cattle strength continues

GFM Network News