NEWS
Wed Mar 6, 2013 02:01 PM CST

WINNIPEG, Manitoba (Dow Jones) -- Canadian farmers had about 12.3 million cattle on their farms as of Jan. 1, representing a 0.5% increase from the same time a year ago, according to data released by Statistics Canada Wednesday.

This was the second consecutive year-over-year increase since 2005 and followed six years of declining inventories, the government agency said in a release. Despite the increases, the cattle herd was still 17.8% below its peak level of Jan. 1, 2005.

Cattle inventories edged up overall with increased numbers of feeder heifers and steers, as slaughter fell during the second half of 2012, ...

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