Beef Cattle Production in Canada - Industry Market Research Report

Beef Cattle Production in Canada - Industry Market Research Report

  • May 2020 •
  • 38 pages •
  • Report ID: 4387089 •
  • Format: PDF
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Abstract

Beef Cattle Production in Canada
The Beef Cattle Production industry in Canada has not been able to match its historic peak in 2014 over the five years to 2019, although cattle prices and profit have remained high. 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. The average price of cattle and calves considerably increased in 2014 and 2015. However, prices began to fall as these capacity restraints were addressed and demand for beef declined in response. 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, which are also part of the industry, and declining herd numbers. The industry is expected to begin recovering over the five years to 2024 as the cattle pricing cycle takes an upward trend.

The Beef Cattle Production industry in Canada 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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