Red meat export volumes will likely be decreased
18 October 2023
2 minute learn
The Canadian swine herd may be forecast to contract in 2024 as sow barns are idled and processing capability is got rid of in Jap Canada, consistent with a contemporary US Division of Agriculture (USDA) World Agricultural Data Community (GAIN) file.
A smaller sow herd will see a smaller pig crop in 2024, and reside exports will decrease from 2023. Greater home intake of beef will elevate over into 2024. Red meat export volumes will likely be decreased.
The Canadian swine herd is forecast to contract in 2024 on account of discounts in slaughter capability in Quebec and a discounted sow herd. Manufacturing declines will likely be most vital in Jap Canada as the results of the closure of an Olymel slaughter plant as the corporate cuts manufacturing ranges.
The pig crop is forecast to say no moderately on smaller sow numbers, however fertility will likely be moderately upper as Ontario recovers from 2023 PEDv problems.
Reside exports to the US will likely be diminished as manufacturers make changes to the discounts in slaughter capability. Increasing sow processing in Western Canada will building up sow slaughter numbers and a discount in cull sow exports.
Then again, sow processing relative to cull sow volumes will stay restricted, and the US will stay integral for processing Canadian cull sows. Weanling industry may also decline with the smaller pig crop. Red meat manufacturing in 2024 is forecast to decrease moderately from 2023 because the closure of the Olymel plant concludes on the finish of December 2023.
Red meat exports will likely be additional diminished from 2024 on decreased manufacturing and sustained home call for.