According to Statistics Canada's latest livestock report, cattle numbers on Canadian farms are still at low levels following last year's Prairie drought.
As of July 1, 2022, Canadian farmers held 12.3 million cattle and calves on their farms, down 2.8% from last year. Those were the lowest levels recorded since July 1, 1988. As of July 1, eastern Canadian cattle inventories were down 1.4% to 2.8 million head, while western Canadian cattle inventories were down 3.2% to 9.5 million head.
The report attributes the present decline in cattle numbers to tightened feed supplies and elevated drought-related production costs.
According to StatsCan, domestic slaughter in 2022 was supported by strong export demand from the US and Japan. The surge in export demand for beef also contributed to the further reduction of the Canadian cattle herd. A total of 413,100 head of cattle and calves were exported internationally from January to June 2022, an increase of 50.5%.