China
The U.S. is well positioned to help fill any additional need that China has for pork, said Joe Schuele, U.S. Meat Export Federation, “but we’d be in a lot better position if we weren’t facing a tariff that’s five times higher than everybody else.”
The April 9 World Agricultural Supply and Demand Estimates (WASDE) report came in a little friendlier than some of the more bearish estimates INTL FCStone Financial, Inc., expected.
Chinese pig slaughterhouses are required to conduct self-checks monitored by veterinarians to slow the spread of African swine fever.
African swine fever has now spread to all parts of China.
China’s largest pig and poultry producer, Wens Foodstuff Group, recorded a loss for the first quarter of 2019.
Swine fever drives people to seek other forms of meat protein and farmers may even be starting to slaughter their own dairy cows.
African swine fever seen cutting China’s hog output 20-30% which is helping Australian beef sales surge 66% and Brazil’s jump 14% in 2019.
Soy agreement is latest China-U.S. agreement in 100-day round.
China’s second-largest pork producer, Muyuan Foods says it will continue to increase production this year, despite the challenges of ASF, as it bets on the reduced pork supply and higher prices to boost profits.
Higher tariffs on U.S. exports has weighed heavily on profits, says leaders of Chinese pork producer, WH Group, who owns Smithfield Foods.
U.S. lean hog futures touched their lowest prices in nearly two months on Tuesday on the heels of concerns over elevated trade tensions between the U.S. and China.
The U.S. is well positioned to help fill any additional need that China has for pork, said Joe Schuele, U.S. Meat Export Federation, “but we’d be in a lot better position if we weren’t facing a tariff that’s five times higher than everybody else.”
China, the world’s biggest consumer of pork, appears poised to boost imports, lifting U.S. hog futures from the doldrums.
Commerce Secretary Wilbur Ross downplayed expectations for an end to U.S.-China trade war when both sides meet in Washington next week.
China continues to deal with an outbreak of African Swine Fever while U.S. agriculture makes preparations to keep it out of the country.
More than 8,000 hogs have been culled so far, as China continues emergency inspections at pig farms and livestock markets to control the country’s first case of African swine fever.
China has been gobbling up the world’s soybeans at breakneck speed over the past decade. But as the trade spat with the U.S. escalates, its imports of the oilseed are set to decline for the first time in 15 years.
Ask National Pork Producers Council (NPPC) Vice President and Counsel Nick Giordano about the impact of the Trump administration’s tariffs on U.S. pork and his response is pointed and simple: “ouch!”
Get your day started with a brief rundown of key news.
Get your day started with a brief rundown of key news.
Wild boars are often seen as a symbol of good fortune in China, especially with the Chinese Lunar Year of the Pig Tuesday. Increased sightings of wild boars in Hong Kong, however, signal anything but “luck” to me.