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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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Legacies of the Land - Episode 3 - Matthews Land & Cattle

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"Everything I am with what I do today is because of him… It's what America is built on." — Blake Matthews.

Watch 4 generations of Idaho farming in AGCO's #LandLegacies series.

Out West in Oakley, Idaho, the Matthews family has spent four generations learning from the land — and from each other. In this episode of Legacies of the Land, Blake Matthews shares what it takes to farm at scale, weather what nature throws your way, and honor the people whose work made today possible.