One market analyst says it's a positive time for Canada's pork industry right now.

Kevin Grier of KG Market Analysis and Consulting says domestic pork demand is particularly strong, with Canadians purchasing more pork at higher prices in 2015 than they did in 2014.

He also says Canadian pork has been able to compete well on a global front.

"In terms of market share, we have been able to maintain or enhance our market share, so Canada is a competitive country in the global picture," Grier says. "We are the third-largest global exporter, and we're about the sixth-largest producer in the world, so we're a heavyweight."

However, the Canadian pork industry is facing some challenges when it comes to packing. Grier says we lack a competitiveness from the perspective of scale economies.

"We probably have got a disadvantage of anywhere from $5 to $10 or more per head because our plants are smaller than those in the United States. That also leads to other challenges with regards to adding value to the hog and adding value to the by-products," he says.

But despite these challenges at the packer level, Grier says overall it's a good time for the pork industry.