Livestock prices and economy to rebound, FCC says

Canadian livestock producers have been riding a rollercoaster this year but Farm Credit Canada has good news. The ride should be almost over as FCC forecast on Oct. 6 that over the next six months prices “will improve for most livestock categories. Prices are projected to be within 10 % of their 5-year average price.”

FCC also expects that while world GDP contracted by 4.5 % in 2020, it should rebound by 5 % in 2021.