2020 was uneven across the red meat livestock sectors, a trend Farm Credit Canada expects to continue in 2021.

JP Gervais, FCC'S Chief Agricultural Economist, expects to see growing strength in demand for red meat.

"As we move into 2021, as we are reopening the economy, reopening the foodservice sector, vaccines bring a lot of hope and as we can deploy those vaccines out and then reopen the economy with confidence, I really do think that this is going to have a positive impact."

Other trends to watch for in 2021, according to FCC, include China’s efforts to rebuild its pig herd and rising feed costs.