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Farm Credit Canada recently released its 2023 market outlook for the beef and hog sector

FCC's chief economist JP Gervais says it's an interesting time in the ag markets right now.

He points out that a key factor overall right now is the high-interest rates, something he doesn't expect to see change anytime soon. 

Gervais says commodity prices have come down lately and there's a lot of uncertainty going forward as to what the crops are going to look like in the prairies and around the world.

"You know, you look south of the border and some of the challenges that they have with winter wheat right now. That has been giving a little bit of life in the wheat market."

Overall for grains and oilseeds, it's a matter of weaker commodity prices than what we had in recent years, while in the livestock sector, there are a couple of different things happening.

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Fatal Wildfire Endangering Our Beef Supply

Video: Fatal Wildfire Endangering Our Beef Supply

Thanks for spending the winter with us here on the farm. Today we deliver a load of relief supplies to the area that is being devastated by the largest wildfire Nebraska has ever seen. Ranchers and farmers are working alongside countless firemen and the National Guard to get it contained. Stay warm and have a great weekend, we'll see you soon.