Feed costs and demand strength lead profitability uncertainty in our 2023 Cattle and hogs outlook update.

U.S. milk glut keeps a lid on Canadian blended prices, but quantities are up – and should stay elevated as the race to replenish butter stocks continues.

Despite uncertainty about weather impacts and the Russia-Ukraine conflict, major crop sector profitability should remain positive over the outlook period, with continuing strength of prices and decreasing farm input prices.

Exploring the opportunities and risks for Canadian agricultural equipment dealers, manufacturers, and industry stakeholders for the 2023 harvest equipment season.

Total Canadian farm cash receipts are forecast to increase in 2023, yet hog receipts are projected to decline.

Beer, wine and spirit sales will struggle in 2023 as the Canadian economy slows and inflation shifts consumer purchasing habits.


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Email: Economics Team

J.P. Gervais
Vice-President and Chief Economist
Kyle Burak
Senior Economist
Isabelle Nkapnang Djossi
Desmond Sobool
Director, Economics and Deputy Chief Economist
Graeme Crosbie
Senior Economist
Krishen Rangasamy
Manager, Economics, Principal Economist
Justin Shepherd
Senior Economist
Leigh Anderson
Senior Economist
Martha Roberts
Economics Editor