The bull market that characterized the Beef Cattle Production industry in Canada over the past five years is a result of oscillations in cattle prices. Overall, cattle herd numbers have fallen while demand for beef has remained relatively consistent. This constrained supply has caused a massive spike in cattle prices as downstream food producers have tried to meet demand for beef. Over the five years to 2022, the high cattle prices and low herd numbers of the past five years will reverse. Herd numbers have likely already bottomed and are expected to increase. Meanwhile, relieved pressure on the cattle supply will cause cattle prices to descend from their current highs. Additionally, per capita beef consumption will remain stable over the next five years.
This industry raises cattle, including cattle for dairy herd replacements and fattens cattle to prepare them for consumption.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.