Surplus pork is biting US hog markets as trade war turns the world’s biggest customer away from American farmers

//Surplus pork is biting US hog markets as trade war turns the world’s biggest customer away from American farmers

Surplus pork is biting US hog markets as trade war turns the world’s biggest customer away from American farmers

Trade concerns are starting to make all other factors in the hog market look obsolete.Futures have tumbled to the lowest since March. That’s as African swine fever decimates China’s pig herd in an unprecedented global supply disruption.Even though the Asian nation is importing huge amounts of meat, American producers are losing out to rivals in Brazil and elsewhere because of Donald Trump’s trade war. What’s more, the US president’s threat of additional tariffs is sparking concerns that a deal…

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By | 2019-08-03T05:41:36+00:00 August 3rd, 2019|Business|Comments Off on Surplus pork is biting US hog markets as trade war turns the world’s biggest customer away from American farmers