Farm product prices, February 2025

Monthly provincial prices received by farmers in February for grains, oilseeds, specialty crops, cattle, hogs, poultry, eggs and dairy products are now available.

Slaughter cattle prices rose in every province in February compared with January, with increases ranging from 0.7% in British Columbia to 6.2% in Ontario. Year over year, slaughter cattle prices were higher in each province by at least 21.3% in February.

Feeder cattle price movements varied across the provinces in February compared with a month earlier. Quebec (-4.3%), Alberta (-3.8%), Manitoba (-0.6%) and British Columbia (-0.5%) recorded declines, while the remaining provinces posted increases. Feeder cattle prices were at least 17.4% higher in every province in February 2025 compared with February 2024.

Compared with January, slaughter hog prices increased across all provinces in February, led by Alberta (+6.3%).

In February, the price of wheat (excluding durum) rose moderately across the western provinces compared with January, with gains ranging from 0.6% in Manitoba to 1.5% in Alberta. In February, estimates from the United States Department of Agriculture showed a decrease in the global supply of wheat for the 2024/2025 crop year, exerting upward pressure on the prices.

Prices for dry peas posted monthly increases across the Prairie provinces in February, with gains ranging from 2.0% in Alberta to 4.5% in Saskatchewan. On a year-over-year basis, the prices for dry peas declined in the Prairie provinces, led by Alberta (-12.2%).