The long decline of Canada's cattle and calf herd slowed to its lowest year-over-year reduction in seven years, Statistics Canada data showed on Tuesday, but surging grain prices may renew the pressure that has hurt the profitability of ranchers.
Farmers had 13.5 million cattle and calves on their farms as of July 1, the fewest since 1994, and down 0.1 per cent from a year earlier.
That rate of decline is the smallest since 2005, when the country's herd last grew.
Source: Argentine Beef Packers S.A.
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