Continued Decline: Canadian Swine Herd Shrinks Further in 2024

Apr 08, 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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Video: CEOs of the Industry, A Conversation with Daniel Rivest, President & CEO, Olymel

Swine Web’s CEOs of the Industry series welcomes Daniel Rivest, President & CEO of Olymel, for a wide-ranging conversation about leadership, the future of Canadian pork, and the opportunities ahead for one of North America’s largest pork and poultry processors.

Rivest discusses his journey to the CEO role, his leadership philosophy, and his early priorities at Olymel. The conversation explores the company’s strategic direction, its relationships with producers, and how Olymel is positioning itself for long-term growth and competitiveness.

The discussion also tackles some of the biggest issues facing Canadian pork production today, including labor availability, global competition, animal health, trade and export markets, automation, and the growing potential of artificial intelligence throughout the food production system.

Topics include:

• Daniel Rivest’s path to becoming President & CEO of Olymel

• Olymel’s current position and strategic direction

• The outlook for Canadian pork production

• Building stronger relationships with producers

• Global trade and key export markets

• Automation, innovation and artificial intelligence

• Leadership lessons and opportunities for the next generation

The conversation concludes with a Fast Five, giving viewers a more personal look at Rivest’s leadership approach and his vision for Olymel’s future.