On January 1, 2023, compared with the same date one year earlier, Canadian cattle and hog inventories were down, while sheep inventories were up.
Canadian cattle inventories have been on a general decline since January 2005; however, they have remained relatively flat since January 2016. This was the second consecutive cycle with a year-over-year decrease of Canadian hog inventories. Meanwhile, Canadian sheep inventories have continued to grow on a year-over-year basis since January 2021.
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