The Canadian cattle herd has entered the consolidation phase. Heifer retention practices in 2025 and a slight increase to the breeding herd to begin 2026 will support a larger 2026 calf crop. Consequently, slaughter and beef production are forecast to see growth in 2026. Heifer retention and reduced cow culls will continue in 2026 in efforts towards a herd rebuild. Increased beef production and market access opportunities will see Canadian beef exports grow in 2026. The Canadian swine herd is also forecast to remain relatively stable in 2026. Slaughter is forecast to see slight growth with a slightly larger pig crop and more processing capacity utilization. Pork exports will continue to remain strong on sustained global demand.