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AB Direct - Steers

Live: ---
Rail: 447.00-453.50 FOB feedlot last week

AB Direct - Heifers

Live: ---
Rail: 447.00-453.50 FOB feedlot last week

US Trade- Steers

Live: 202.00-203.00 (KN, TX) 205.00-206.00 (NE) last week
Rail: 325.00 (NE, IA) last week

US Trade - Heifers

Live: 202.00-203.00 (KN, TX) 205.00-206.00 (NE) last week
Rail: 325.00 (NE, IA) last week

Canadian Dollar

$69.81
0.24
March 17, 2025 News

Interest-free limit for Advance Payments Program raised to $250,000

Agriculture and Agri-Food Canada (AAFC) announced that the Government of Canada will increase the interest-free limit of the Advance Payments Program to $250,000 for the 2025 program year.

This means the government will cover the interest on this portion of the advances for producers.

The Advance Payments Program (APP) provides producers with access to low-cost cash advances of up to $1 million, based on the expected value of their agricultural products. Typically, producers receive the first $100,000 interest free. The new higher limit will save producers money on interest and improve cash flow to help cover costs until their products are sold.

This support at the start of the production cycle allows farmers to purchase essential inputs and cover costs for the growing season. Additionally, the program offers marketing flexibility, enabling producers to sell their products when it is most advantageous, rather than being forced to sell immediately for cash needs. This is especially important during uncertain times.

Advances are available on over 500 crop and livestock products across Canada.

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About the Author

Kara grew up on a grain farm near Bow Island, Alberta. After attending SAIT and the University of Calgary — where she obtained a degree in communication and media studies, and a diploma in broadcast news — Kara began her professional career working in agricultural communications and agricultural journalism. Kara now farms alongside her family and her husband on the family farm, where they raise a mix of livestock, crops, and barn cats.

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Cattle Report

Updated: 17/03/2025

Steers

Live: ---
Rail: 447.00-453.50 FOB feedlot last week

Heifers

Live: ---
Rail: 447.00-453.50 FOB feedlot last week

Choice Steers

Live: 202.00-203.00 (KN, TX) 205.00-206.00 (NE) last week
Rail: 325.00 (NE, IA) last week

Choice Heifers

Live: 202.00-203.00 (KN, TX) 205.00-206.00 (NE) last week
Rail: 325.00 (NE, IA) last week

Boner Cows

Over 500 lbs: 268.52

Canadian Dollar

$69.81   0.24

Livestock Price Insurance Index

Expiry Fed Feeder Calf
26-May-25 268 374 --
23-Jun-25 270 370 --
21-Jul-25 262 -- --
18-Aug-25 258 374 --
15-Sep-25 256 378 --
13-Oct-25 254 274 436
10-Nov-25 250 370 432
Last Updated on February 27, 2025