Economics

 Industry Partners


Prairie Swine Centre is an affiliate of the University of Saskatchewan


Prairie Swine Centre is grateful for the assistance of the George Morris Centre in developing the economics portion of Pork Insight.

Financial support for the Enterprise Model Project and Pork Insight has been provided by:



Author(s): K. McEwan
Publication Date: April 1, 2010
Reference: London Swine Conference, 2010
Country: Canada

Summary:

The pork industry has become a global industry due to importing and exporting of pork, pigs, and feed. Canada has only 1.6% of the global pig industry, and experienced the largest decline in numbers between 2005 and 2009. Although cost of production rose 22.5% in 2006-2007, Canada still has one of the lowest costs of production. Canada is also one on the top (3rd in 2009) exporters, and the global pork consumption is expected to increase, especially in developing nations. Canadian processors and retailers experience high competition globally and in North America. The US companies strongly dominate the market, and this puts pressure on the Canadian pork industry to supply Canadian companies pork at lower cost and higher quality. Global issues also impact the Canadian industry, as seen through issues like corn prices and H1N1. Since Canada relies on exporting, any global issues like exchange rates, labeling restrictions, and global prices, will have an effect on the pork industry.

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