Summary
In Canada, beef prices have risen by 10-12% in early 2025 due to restricted cattle supply from drought, increased feed costs, and strong international demand, particularly from Asia. Conversely, pork prices are declining, impacted by the potential U.S. tariffs on Canadian exports, which could further decrease retail prices by 2%. Additionally, pork producers face a 12% drop in domestic consumption as consumers shift to other proteins, compounded by research showing that beef price hikes do not significantly boost pork demand.
