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Continued Decline: Canadian Swine Herd Shrinks Further in 2024

The contraction of the Canadian swine herd persists into 2024. Despite higher-than-expected sow productivity in 2023, larger slaughter and export figures have led to a decrease of 140,000 head in the beginning hog inventory compared to the previous year. To put this into perspective, the Canadian swine herd had already shrunk by 265,000 head between January 2022 and January 2023. In another indication of this trend, the beginning sow stocks display a two percent reduction in the sow herd at the start of 2024, marking the lowest January 1 sow numbers since 2015. Additionally, there has been a two percent decline in the number of farms reporting hogs compared to January 1, 2023, suggesting a continued exodus of producers from the industry. This ongoing consolidation is further underscored by a slight increase in the average number of animals on remaining operations.

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Season 7, Episode 1: Managing Risk and Seeing Opportunities in U.S. Pork Production

Video: Season 7, Episode 1: Managing Risk and Seeing Opportunities in U.S. Pork Production

Today’s episode features three guests discussing the similarities and differences between pork production in the United States and Brazil, along with strategies for managing risk in today’s industry while recognizing and acting on opportunities. First, Dr. Anne Caroline de Lara, executive manager of live pig production at Seara Alimentos, a JBS company in Brazil, is joined by Dr. Matthew Turner, head of operations for JBS Live Pork. Together, they discuss how labor, climate and ventilation challenges vary between Brazil and the United States, while underscoring their shared commitment to raising healthy pigs. They also point to lessons producers in both countries can take from one another’s systems and on-farm experiences. Then, Brady Reicks, risk manager at Reicks View Farms, shares his perspective on risk management, drawing from his background in markets and his transition into farming. He discusses how protecting margins varies by operation and offers practical approaches producers can use to make marketing and business decisions with greater confidence rather than hesitation.

Both conversations were recorded at recent industry events focused on swine livability, including the International Conference on Pig Livability and Iowa Swine Day.