Beef market in Canada - Statistics and Facts

Published by Emma Bedford, Jul 24, 2018
Beef is the name used in the preparation or sale of meat acquired from cattle. In 2017, there was around 1.7 million metric tons of beef produced in Canada, and more than 450,000 metric tons of beef exported that year. The United States accounted for the largest export market for beef in 2017, with an export value of approximately 1.78 billion Canadian dollars. The western province of Alberta accounted for the largest beef cow inventory, followed by Saskatchewan, with around 1,100 thousand heads as of January 2018.

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Produced from bulls, heifers or steers, beef is a variety of red meat which may be cut into roasts, steaks or short ribs. Numerous cuts of steak exist, from premium steaks rib eye, sirloin or tenderloin to budget varieties hanger steak, skirt steak and more. In Canada, the retail price of prime rib roast was 31.67 Canadian dollars in December 2017, an increase from 28.61 Canadian dollars in January 2015.

Given the recent fall of the Canadian dollar, consumers have been forced to pay more for many food items and other products. The average household expenditure on meat was approximately 1,040 Canadian dollars in 2013, increasing to around 1,160 Canadian dollars in 2016. A 2015 survey found that almost 38 percent of respondents said they had reduced or stopped eating beef in the last 12 months, most blaming financial reasons for their change in consumption.

Beef market in Canada

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