The U.S. pork industry has been expanding the breeding herd and growing since mid-2014. The rate of breeding herd expansion peaked in early 2018 at a 3.5% annual growth rate, according to ag economist Chris Hurt.
Germany said any escalation of U.S. tariffs on metal imports into a full-blown trade war could cause tangible damage to the global recovery, although the tariffs themselves should have only a limited effect.
Germany's swine herd numbers are reaching near 20-year lows, resulting in a decline in pig feed demand. This causes challenges for the U.S. as it’s currently the top exporter of commodity soybeans to Germany.
Nick DeKryger is a savvy young businessman who not only understands finances, but also how important it is to engage with employees. He’s bringing new energy and forging a path to maintain profitability.