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Currently Alberta produces cattle valued at over $3.3 billion, as well as other livestock in lesser quantities. In this region irrigation is widely used. Wheat, accounting for almost half of the $2 billion agricultural economy, is supplemented by canola, [88] barley, rye, sugar beets, and other mixed farming.
[11] [12] The national levy was introduced in 2012 at $1 per head of cattle, but began to increase to $2.50 per head of cattle in most provinces, starting in 2018. It is payable by producers who feed, slaughter and sell their own cattle. [13] The CBCA flows from the Farm Products Agencies Act (R.S. 1985, c. F-4) through SOR/2002-48. [12]
The survival of Alberta's cattle industry was seriously in doubt for most of the late 19th and early 20th centuries. At two points during this time, 1887–1900 and 1914–20, the industry enjoyed great prosperity. The latter boom began when the United States enacted the Underwood Tariff of 1913, allowing Canadian cattle free entry. Exporting ...
The rising price of U.S.-produced meat, from cattle like those pictured here, comes after a long down slide and has been prompted in part by a classic case of supply and demand.
Data shows the nation's cattle supply has steadily dropped since 1998 from about 110 million cattle head, despite a small bump in inventory between 2013 and 2018, to 87.2 million head this year.
The cattle business in Texas is worth an estimated $15.5 billion, making it by far the most profitable agricultural commodity in the state, according to the state’s Department of Agriculture.
Live cattle is a type of futures contract that can be used to hedge and to speculate on fed cattle prices. Cattle producers, feedlot operators, and merchant exporters can hedge future selling prices for cattle through trading live cattle futures, and such trading is a common part of a producer's price risk management program. [1]
The differential between Western Canadian Select—the benchmark price for Alberta heavy crude—and West Texas Intermediate (WTI)—which had averaged at US$17 for the decade from 2008 to 2018—widened to a record of around US$50, [133] [134] and the price of WCS plummeted to US$5.90. [135]