Beef Cattle Production in Canada
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. According to data from Statistics Canada, the average price of cattle and calves has considerably increased due to capacity constraints. Despite the record-high prices received for cattle over the past five years, some industry operators have been struggling. Feedlot operators that prepare cattle in their final stages before slaughter have experienced pressure due to increasing cattle prices from upstream cow-calf and stocker operations and declining herd numbers. Over the five years to 2023, the high cattle prices and low herd numbers of the past five years are expected to subside. Herd numbers have likely already bottomed and are expected to increase.
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.
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