NPPC is warning of serious disruption to the U.S. pork industry. That’s especially with severe labor shortages at hog farms and in processing plants if already severe labor shortages are made worse by the coronavirus.
COVID 19 already disrupted the normal soybean crushing patterns in China where a 2 week drop in crush is normal after the Spring Festival, but this year that dip slowed below 1 million tons for 3 weeks.
With more workers critical to China/Hong Kong's food distribution chain returning from an extended Lunar New Year holiday break, a growing backlog of imported meat will make its way more smoothly into the market.
The President signed USMCA Wednesday, which completed the ratification process in the U.S. However, even if Canada passes USMCA early next month, experts say it could take months to implement the deal.