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Monday, December 8, 2003 Farm product pricesOctober 2003Prices received by farmers in October for grains, oilseeds, specialty crops, fruits, vegetables, cattle, hogs, poultry, eggs and dairy products are now available. The Saskatchewan slaughter cow price in October was $19.01 per hundredweight, up 28% from September, but 60% below the October 2002 level of $47.56 per hundredweight. The Canadian cattle sector came to a virtual halt on May 20, 2003, when a cow in Alberta tested positive for bovine spongiform encephalopathy (BSE or mad cow disease). The loss of crucial export markets resulted in an oversupply which depressed prices. The October oat price in Ontario, at $139.16 per tonne, was down 5% from September and 35% from its peak at $214.82 in December 2002. Definitions, data sources and methods: survey number 3436. For more information, or to enquire about the concepts, methods or data quality of this release, contact Bernie Rosien (613-951-2441; fax: 613-951-3868; bernie.rosien@statcan.gc.ca), Agriculture Division. |
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