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Livestock Inventories Down

According to Statistics Canada, cattle, hog and sheep inventories were all down on January 1, 2020, compared with the same date last year.
 
Canadian farmers had 11.2 million cattle on their farms, down 1.9%. Inventories were 24.8% below the peak they reached in January 2005.
 
Hog producers reported 13.9 million hogs on January 1, 2020, down 0.6% from last year. This was the second consecutive year-over-year decrease.
 
Inventories of sheep and lambs was down 4 per cent. Inventories were 19.3% below their highest level recorded in January 2004.
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