The U.S. will shield a list of allies including Europe, Australia, South Korea, Argentina and Brazil from steel and aluminum tariffs that take effect on Friday, according to U.S. Trade Representative Robert Lighthizer.
Brazil’s JBS SA, the world’s largest meatpacking company, said on Tuesday that rising prices for grain, the key raw material for feed, don’t show any hint of cooling off, forcing it to cut other costs.
The United States corn production forecast decreased to 14.63 billion bushels, down 152 million bushels from the October forecast. At 178.9 bu. per acre, the yield decrease of 1.8 bu. came in below pre-report estimates.
Host Chip Flory talks with Christine McCracken, Executive Director, Animal Protein for RaboAgriFinance, who explains additional slaughter capacity in the U.S. should help the hog market continue the price recovery