For pork, the dynamic is one where export markets also play a very large role, since Canada is a bit different. The industries are integrated, but Canada is in a slightly different situation than the United States. The reason is that we export about 70% of our livestock, mostly to the United States, while the United States has a higher domestic consumption.
Given the various free trade agreements, we see that the pork industry is currently experiencing a period where prices are good, but it faces the same pressures with respect to input costs. Consolidation within the pork industry also plays a role.
