As trade tensions escalate between the United States and global partners, Canadian pork producers are being advised to stay grounded and avoid knee-jerk reactions—especially when it comes to retaliatory tariffs.
Paul Marchand, Senior Risk Management Analyst at HAMS Marketing Services, says the real danger for Canadian pork producers isn’t from U.S. tariffs directly targeting Canada, but rather from how other countries—particularly Mexico—may respond.
Why It Matters
Canadian pork pricing is closely tied to U.S. markets, with prices largely derived from USDA daily reports. If U.S. pork faces export disruptions or retaliatory tariffs, the domestic U.S. supply could back up—dragging prices down across North America.
“The biggest threat isn’t a direct tariff on Canadian pork,” Marchand explains. “It’s if U.S. pork gets hit by tariffs elsewhere and floods the domestic market. That’s when Canadian pricing gets squeezed.”