Cattle production in Canada is projected to grow steadily from 2024 to 2028, reaching 4.24 million heads by 2028. This reflects a modest year-on-year increase starting from 4.19 million units in 2024. As of 2023, the actual cattle production was 4.18 million heads. The compound annual growth rate (CAGR) is expected to be around 0.29% over the forecast period.
Future trends to watch for:
- Impact of climate change on cattle grazing and feed resources.
- Trade policies that could affect cattle markets and export dynamics.
- Technological advancements in cattle breeding and farming efficiency.
- Consumer demand shifts towards sustainable and ethically-produced beef.
