Canada

Canada is getting closer to a cow herd liquidation

Livestock

A severe drought has raised sharply the feed prices and extra culling operations are expected.

Posted on Aug 23 ,07:04

Canada is getting closer to a cow herd liquidation

Canada cattle herd can go to a liquidation process in the next few months, as the drought that hit Alberta region is forcing the farmers to consider this option, reports Drovers magazine.
The hay price has already doubled compared to last year and some ranchers could be forced to sell animals to feedlots early in the coming weeks if the drought persists.
"Worst-case scenario is it dries up, and province-wide we just don’t have enough feed. You’re going to see a liquidation of the cow herd", said Charlie Christie, chair of Alberta Beef Producers.
In Canada, the extra culling is expected at a time when the herd was already growing at a limited rate. Farmers held 9.7 million beef cattle as of January 1, up less than 1% from a year earlier, according to the latest available government data. Some small ranches are even considering culling at least 10% of their cattle inventory.
Severe drought conditions have been reported also in Australia, Northern Europe and the US. Canada is the world's sixth-largest beef exporter.

(Photo source: Pixabay)

 NEWSLETTER - Stay informed with the latest news!

Comments





Similar articles

CHINA

China will investigate beef imports as oversupply squeezes prices

Any trade measures to try to reduce beef imports would hit China's largest suppliers, Brazil, Arg...


Read more Read more
SPAIN

INTERPORC regrets the decision of the CHS to block the development of farms in Murcia

This measure, in his opinion, does not at all reflect the important advances that the Spanish liv...


Read more Read more
DENMARK

New Danish Crown board in place

Soren Skou was elected chairman, and Daniel O. Pedersen and Ulrik Bremholm were elected to the tw...


Read more Read more
Websolutions by Angular Software and SpiderClass