Monthly provincial prices received by farmers in July for grains, oilseeds, specialty crops, cattle, hogs, poultry, eggs and dairy products are now available.
In July, prices for slaughter cattle posted the first month-over-month decline across Canada, after at least five months of consecutive increases in every province. Manitoba (-6.2%) led the decreases, followed by Saskatchewan (-6.1%). The weakened demand for live slaughter cattle and calves from the United States (US) partially contributed to the price declines. The number of live slaughter cattle and calves exported to the US was down 26.2% in July from June.
Meanwhile, prices for feeder cattle increased across all provinces in July compared with June, with gains ranging from 0.2% in Alberta to 7.8% in Saskatchewan. This was the seventh consecutive month-over-month increase for Saskatchewan, and the eighth consecutive gain for Manitoba and British Columbia.
In July, slaughter hog monthly prices continued to grow across Canada, mainly because of consistently strong demand. The increases ranged from 12.4% in British Columbia to 22.4% in Quebec. This marked three months of price gains in a row for all provinces except Prince Edward Island and Quebec.
Non-durum wheat prices went up across the Prairie provinces in July compared with June. Monthly prices in Alberta (+1.8%), Saskatchewan (+1.8%) and Manitoba (+1.0%) grew after posting at least six consecutive monthly declines. Drought in the Prairie provinces decreased supply expectations, putting upward pressure on non-durum wheat prices and breaking the downward trend.
In July, corn monthly prices were down for all provinces compared with June, except Manitoba (+0.2%). The decreases were led by Ontario (-2.5%), which marked its fifth month of consecutive price declines. Expected strong domestic production of corn in the 2023/2024 crop year and the decreased demand for feed in Eastern Canada continued to put downward pressure on prices.
Canola monthly prices grew across the Prairie provinces in July after trending down for at least five months. Alberta (+4.4%) led the Prairies price inclines, followed by Saskatchewan (+4.0%). Year over year, canola prices in the Prairies recorded a drop of at least 22.7% when compared with the highs posted in July 2022.
Monthly soybean prices varied across production provinces in July 2023 compared with a month earlier. Manitoba (-4.2%) and Quebec (-2.9%) reported their third month of decreases in a row. Meanwhile, Ontario (+0.4%) soybean prices inched up for a second month in a row as the US soybean yield faced uncertainty mainly because of unfavourable weather.
Note to readers
The prices of over 35 commodities are available by province, with some data series going back 40 years. Price data are extracted from administrative files and derived from Statistics Canada surveys.
Starting with the January 2023 reference period, data on eggs in shell contain data on specialty eggs in British Columbia. Specialty eggs include free-run, free-range and organic eggs.
As a result of the release of data from the 2021 Census of Agriculture on May 11, 2022, data on farm cash receipts, operating expenses, net income, capital value and other data are being revised where necessary. The complete set of revisions will be released in November 2023.
For the latest information on the Census of Agriculture, visit the Census of Agriculture portal.
For more information on agriculture and food, visit the Agriculture and food statistics portal.
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Reference
Contact information
For more information, or to enquire about the concepts, methods or data quality of this release, contact us (toll-free 1-800-263-1136; 514-283-8300; infostats@statcan.gc.ca) or Media Relations (statcan.mediahotline-ligneinfomedias.statcan@statcan.gc.ca).