Canadian cattle herd is at its lowest in more than 30 years

Canada is the next nation to report a multi-decade low cattle herd.

At the beginning of the year, the USDA reported the lowest total U.S. head since 1951 at a little more than 87 million.
Now, Statistics Canada is reporting the Canadian cattle herd is at its lowest level in more than 30 years, totaling just 11 million cattle and calves on farms.

This is down 2 percent on the year and the smallest herd since 1989.

Analysts are blaming record producer prices coupled with drought conditions and tight feed supplies.

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