In effort to expand customer outreach in what is already the largest volume market for U.S. pork, the United States Meat Export Federation (USMEF) launched a promotional campaign in Mexico called “I Love U.S. Pork.”
Profitability has been challenging the past 12 months. Better export expectations and sales have encouraged market prices higher, but plants have been operating at capacity pressuring market prices downward.
Conley Nelson, a pork producer from Iowa and general manager of Smithfield’s hog production division in the Midwest, will conclude his one-year term as the U.S. Meat Export Federation’s (USMEF) chair in November.
News stories come and go. But the longevity of the African swine fever problem in China and throughout the world is going to be around much longer than the mainstream news media give it credit for, says Arlan Suderman.
High feeding margins in China are motivating Chinese pork producers to feed market hogs to heavier weights. This is impacting the market in many ways, says Arlan Suderman, chief commodities economist at INTL FCStone.
The news that the U.S. and China reached a “phase one” agreement to broker a truce in the trade war gives hope to pork producers seeking permanent removal of all punitive tariffs to address China’s need for pork.