Canada beef producers increased the nation’s overall beef herd by one percent in the last year, the first increase since 2012. Statistics Canada released livestock estimated as of July first, last week. The report shows 13.2 million cattle on Canada’s beef farms, up 1.3 percent from 2015. Canadian cattle market analyst Charlie Gracey wrote in the publication Canadian Cattlemen recently, noting “a significant supply increase likely won’t be seen until 2020 at the earliest,” in Canada. Overall, cattle inventories are still down 21.8 percent from the peak level recorded in July of 2005. Canada’s exports, meanwhile, were down 10.6 percent during the first half of 2016, compared to the same period in 2015. Canada’s hog producers also booked a bigger total herd as of July first at 13.5 million head, up 1.9 percent from the same date last year. Hog exports from Canada totaled 2.9 million head in the first half of 2016, down 0.1 percent from the same period in 2015.
Welcome
