U.S. hog contraction still ahead

Oct 11, 2023

The USDA Quarterly Hogs and Pigs report was released by the National Agricultural Statistics Service on September 28, 2023. Overall, estimates were higher than expected for all categories, except for farrowings. Inventory of all U.S. hogs and pigs on September 1, 2023 was estimated at 74.3 million head, up 0.3% or 194,000 head from September 1, 2022, and up 2% from June 1, 2022.

"The driver behind the higher inventories is productivity," explains Ann Boyda, provincial livestock market analyst with the Alberta government. "Pigs per litter were an average of 11.61 which is up from 11.13 for September 1, 2022. The higher pigs per litter offset the decline in breeding stock.

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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.