2024 Cattle and hog sector outlook

Although they’ve recently fallen, cattle prices for all categories except Ontario 850 lb. steers are expected to either stabilize or rise slightly year-over-year (YoY) in 2024. That’s good news for a sector that saw 550 lb. steer prices rise over 37% in 2023. Eastern and Western fed steers will remain at their 2023 average in 2024.

Isowean prices are forecasted lower YoY, but Manitoba prices for feeder and market hogs will stay at 2023’s average prices. There’s some good news in the East where hog prices will likely trend higher YoY.


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