After navigating a challenging couple of years, Manitoba’s pork industry experienced a strong recovery in 2024, driven by improved market conditions and effective risk management strategies, according to Manitoba Pork General Manager Cam Dahl.
Stabilization Through Market Improvements
The sector benefitted from higher pork and pig prices, improved margins, and reduced feed costs, providing much-needed stability after periods of volatility. Additionally, stringent biosecurity measures successfully prevented a potential outbreak of Porcine Epidemic Diarrhea (PED), underscoring the industry’s commitment to safeguarding herd health.
Global Uncertainty Looms
Despite these successes, Dahl highlighted the need for strategic planning in response to looming global uncertainties. Political changes in both Canada and the U.S. could introduce new challenges, particularly with the possibility of protectionist policies under a new U.S. administration. Maintaining strong trade relations will be crucial to navigating these potential disruptions.
Manitoba Pork is also closely monitoring the evolving U.S.-China trade relationship, which could have downstream effects on Canadian pork exports. The global dynamics of trade remain a pivotal area of focus for the province’s pork sector as producers strive to adapt to shifting market conditions.