Canadian Pork Market Report – Kevin Grier

Jul 08, 2024

Key Highlights:

Consumption and Demand:
- Canadian pork consumption increased by over 14% in 2023, reaching nearly 23 kilograms per person, the highest since 2015.
- Pork demand surged by over 10%, the largest increase since 1984.
Price Trends:
- Retail pork prices in Canada rose by 1% in 2023, while beef and chicken saw higher increases.
- Pork maintained a price advantage over competing meats in both Canada and the U.S.
Market Dynamics:
- Increased imports (+13%) and reduced exports (-6%) supported domestic consumption.
- Early 2024 shows a decline in pork consumption due to lower production and exports, with prices remaining steady.
Industry Insights:
- Retailers increased pork promotions in 2023 due to higher beef and chicken prices.
- Current market challenges include a sluggish start to 2024 and fluctuating prices and demand.
Future Outlook:
- Mixed forecasts for hog prices and demand.
- Continued monitoring of production, exports, and consumer demand essential for market stability.

Conclusion: The Canadian pork market experienced significant growth in 2023, driven by increased consumption and favorable price dynamics. However, early 2024 shows a more challenging environment with lower consumption and stable prices. Ongoing industry monitoring and strategic adjustments are crucial for sustaining market health.

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Video: Inside the Swine Disease Reporting System - Dr. Guilherme Cezar

In this episode of The Swine it Podcast Show Canada, Dr. Guilherme Cezar from Iowa State University explains how the Swine Disease Reporting System (SDRS) tracks emerging disease trends in the U.S. swine industry. He outlines patterns in pathogen activity, including positive developments with Mycoplasma hyopneumoniae and concerning surges in PRRS variants. Gain insights into disease surveillance, biosecurity, and cross-border collaboration potential. Listen now on all major platforms!

"The Swine Disease Reporting System aggregates diagnostic lab data to monitor and interpret trends in nine major swine pathogens."

Meet the guest: Dr. Guilherme Cezar / guilhermec-veterinario-037064168 is a veterinarian and Ph.D. candidate in Veterinary Preventive Medicine at Iowa State University, where he also serves as the Coordinator of the Swine Disease Reporting System (SDRS). With a strong background in swine health, biotechnology, and field epidemiology, he focuses on infectious disease trends and data-driven solutions.