An FMD outbreak in the U.S., which would prompt countries to close their markets to U.S. meat exports would cost the beef and pork industries a combined $128 billion over 10 years.
Penn State and USDA looking to license the technology.
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.