Shares in meat companies like Tyson Foods Inc. and Pilgrim’s Pride Corp. have been rallying. Now a spike in corn and soybean prices is fueling the biggest selloff of the year.
According to a report from the United Nations, meat production is expected to fall for the first time in two decades because of pork production declines. Thee is still expected to be growth in chicken and beef.
President Donald Trump plans to meet with China’s top trade negotiator Friday afternoon as the U.S. tries to forge a preliminary deal with its biggest economic rival.
