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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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Trending Video

How to read EPDs (expected progeny differences)

Video: How to read EPDs (expected progeny differences)

Expected progeny differences (EPDs) may look complicated at first, but they are a practical tool for making informed beef cattle breeding decisions. The bulls or replacement heifers you select today will influence herd performance, productivity and profitability for years to come.

This animated video, produced by the Beef Cattle Research Council, explains how to read and use EPDs in a clear, straightforward way. You’ll learn what the numbers mean, how to interpret them and see a step-by-step example of comparing EPDs between animals to help select genetics that fit your herd goals.