Rabobank's latest Pork Quarterly report says the outlook for the Canadian hog industry remains positive.
The bank says that while profitability in Canada's hog production has declined, it expects hog prices here to be more favourable than in the U-S and to be supportive of local producer profitability.
The bank suggests the weaker Canadian dollar has also helped our hog industry's competitiveness on the export market.
Rabobank says the impact of PED continues to be the key driver in the U-S pork market.
The report says much lower-than-expected impact is going to encourage production recovery and continue to challenge prices.
It also suggests the strengthening of the U-S dollar will continue to make pork exports from that country difficult.
Globally, the Rabobank Report predicts strong supply growth and relatively week demand will continue to drive the global pork market into the summer.
