Country 105

 

     
Country 105

Country 105


Agriculture Report

Paying More For Food

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Economists warn food prices will climb this year.


Length:

More and more economists warn we could be paying 5 to 7 per more for food by the end of the year.

Doug Porter of B-MO Nesbitt Burns says bad crops, rising transportation costs and the economic recovery all mean higher prices for food ingredients.

The price of wheat has doubled over the past year, and sugar has gone up by about 40 per cent.

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Feeder cattle bids continue to increase and remain supported by estimates for smaller supplies.

For the third straight week -- Canfax reports feeder cattle sales were between 13 thousand and 14 thousand head.

Producers with grass based operations are securing their inventory on the anticipation that feeder cattle supplies will tighten towards spring.

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The Canadian Wheat Board has announced several contract calls for spring wheat and durum.

The spring wheat calls are on CN Rail lines only -- and the durum contract calls are in all train runs.

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Durum is now included in a new Canadian Wheat Board pricing option for farmers who have low-grade wheat to market.

Farmers can now choose to lock in prices.

Program values are based on strike prices available in the feed market -- which are above the current board Pool Return Outlook.

The program is also available for Canada Western feed wheat.

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A commodities expert says risk management is just as important when prices are high as when they're low.

Larry Weber of Weber Commodities says it's an exciting time to be a farmer -- what with prices so high.

Weber says soybeans are projected to be 13 to 15 dollars as an average price for the next three years -- which he says is "not just a one-blip blunder.''

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It's hard to have a beef with numbers like these.

The sale price of the average bull at the annual Calgary bull sale last week was four thousand, 284 dollars and 97 cents.

That is the highest average price of the new millennium.

The Alberta Cattle Breeders Association says its a positive sign that the industry is rebounding.

President Mabel Hamilton says another positive sign is the percentage of consigned bulls from the major breeds, Hereford and Angus, that ended up being sold -- 98 per cent.

Total figures for this year's sale was 845-thousand, 250 dollars -- and included 16 ranch horses.

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A unique zoning initiative is reducing the risk and impact of a large scale outbreak in livestock industry.

The West Hawk Lake Zoning Initiative is on the Trans-Canada Highway near the Ontario and Manitoba boundary.

It is the only passage point for commercial vehicles between Eastern and Western Canada.

This single-road checkpoint effectively establishes two zones -- and therefore creates the possibility to have a large disease-free zone.

Over the past 12 months, the control site recorded the movement of more than 98 thousand beef cattle across the checkpoint.

Since December 6th -- the facility has run continuously, ensuring a complete data set of all livestock movement between the zones.

 

 


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