China last week announced $50 billion worth of tariffs on American products including soybeans and pork in retaliation for Trump’s plan to impose duties on 1,333 Chinese products.
As promised, China imposes tariffs on 128 items including U.S. pork.
Hog Outlook: An increase in expected production costs shifts the profit scenario to breakeven, at best.
Here are the Hogs & Pigs numbers and the market analysts’ reaction to the report.
The joint venture has $2 million of grant funds available to potential investigators.
Last year, the U.S. pork industry exported $1.1 billion of product to China, making that country the No. 2 value market for U.S. pork.
Registration is open for 2018 World Pork Expo, June 6-8.