The catchphrase, "The only thing that is constant is change" certainly applies to the U.S. and Canadian pork packing sectors. The never-ending effort to maintain profitability in a very competitive business has driven a number of changes this past year. With shifting fortunes in the world pork market, and a Canadian dollar that is now virtually par with the U.S. dollar, the changes occurring in 2007 may be a harbinger of things to come. Both U.S. and Canadian packers will deal with the emergence of China as a potentially huge customer and must conform to the specifications of mandatory country-of-origin labeling in the United States come September 2008. And, there is the potential impact of U.S. farm legislation slated for completion later this year.
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