Rabobank's latest hog report suggests Canadian producer margins average above the break-even mark this year.
The report cites improved hog prices and lower feed costs.
The bank also suggests the Canadian hog industry has benefited from a weaker loonie, which has increased live exports to the U-S.
According to Rabobank, the possible retaliatory tariffs on U-S pork over COOL may pressure the trade of U-S pork to Canada and further improve pricing.
The bank's report expects 2015 to be a breakeven year for U-S hog producers.
However, it says there is a high degree of uncertainty in 2016 for the American hog market.
Retaliatory COOL tariffs are part of that uncertainty.
Rabobank says the strong U-S dollar and the possible resurgence of PED could also create problems for the U-S hog industry.
