In 2023, the cattle supply in Canada stood at approximately 15.85 million heads. Forecasts from 2024 to 2028 show a slight annual decline with figures starting at 15.82 million heads in 2024 and decreasing to 15.69 million heads by 2028. Year-on-year variations indicate a consistent decrease of around 0.19% per year. Over the last two years, this reflects a downward trend, and the five-year compound annual growth rate (CAGR) mirrors a small negative growth at 0.20% per annum. This suggests a persistent but gradual reduction in cattle supply across Canada.
Future trends to watch for include potential impacts of climate change on cattle production, shifts in domestic and global demand, and policy changes affecting livestock farming. Monitoring these factors will be crucial in understanding future supply dynamics.
