Trade dispute hurts hog prices
U.S. pork producers are losing out as the United States and China continue their trade dispute, the National Pork Producers Council (NPPC) said last week.
According to Iowa State University Economist Dermot Hayes, U.S. pork producers have lost $2.2 billion on an annualized basis due to events leading up to and following China’s 25 percent punitive tariffs in retaliation for U.S. tariffs on aluminum and steel.
“Since March 1, when speculation about Chinese retaliation against U.S. pork began, hog futures have dropped by $18 per animal, translating to a $2.2...
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