Despite a period of strong hog prices and improving profitability across the pork sector, industry leaders suggest that high construction costs and ongoing financial uncertainty are likely to slow expansion across North America.
Recent market conditions have created an environment where producers are seeing improved margins compared to recent years. Stable production levels in both Canada and the United States, combined with ongoing disease pressures that have limited early-weaned pig supplies in parts of North America, have supported stronger hog prices and periods of record market values.
However, according to Florian Possberg, partner with Polar Pork Farms, the industry may not see a rapid increase in production even during profitable periods.
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