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Because much of the land is better suited for cattle grazing than crop growing, it raises 40 percent of the cattle in Canada—about five million head. [59] The other three western provinces are also well-endowed with land fit for grazing, so nearly 90 percent of Canadian beef cattle are raised in Alberta and the other western provinces. [ 60 ]
The type of feed utilized by Canadian dairy farmers significantly affects the amount of GHG emissions as a result of dairy production. Canadian dairy farmers commonly feed their cattle corn or barley silage as high nutrient food sources to increase milk production. Although corn and barley are both efficient and economic sources of feed, these ...
According to AC Nielson Fresh Milk Price Report, which compared the global retail fluid milk price per litre for 12 months ending October 2017, the price of 1 litre of liquid milk in Canadian dollars in Canada was $1.50. In Australia it was $1.57, in the USA a litre of rBST-free milk was $1.61, in France, $1.77, and in New Zealand, $1.83.
When there is a drought there is a shortage of feed for cattle (hay, grain). With the shortage on crops ranchers are forced to purchase the feed at the increased prices while they can. Those who cannot afford to pay top money for feed are forced to sell their herds. [101] [102]
Feeder cattle futures contracts, traded on the Chicago Mercantile Exchange (CME), can be used to hedge and to speculate on the price of feeder cattle. Cattle producers can hedge future buying and selling prices for feeder cattle through trading feeder cattle futures, and such trading is a common part of a producer's risk management program. [11]
Cattle feeding on a large scale was first introduced in the early 60's, when a demand for higher quality beef in large quantities emerged. [24] Farmers started becoming familiar with the finishing of beef, but also showed interest in various other aspects associated with the feedlot such as soil health , crop management, and how to manage ...