A promising 2014 turns into a sour new year as fluctuating energy markets cut demand from leading importers. Six months ago, it was thought that Russia's ban of European and American chicken would briefly boost Brazil's broiler export growth close to levels last seen at the turn of the decade. This however, was not to be.
A faltering currency gives hog producers a lift just in time for them to be sideswiped by a Russian ban. It has been a mixed year for Canada's large but flat swine sector. With 66% of pork production exported, Canada's rise (and fall) as a leading pork exporter is closely correlated to the Canadian dollar's fluctuating value.