The National Pork Producer Council is asking the administration to quickly resolve the US-China trade dispute.
Iowa State University Economist Dermot Hayes, pork producers have lost $2.2 billion since March because of Chinese tariff retaliation.
Hayes tells Brownfield hog futures dropped $18 per animal since tariffs were announced.
“In the commodity business you can’t afford to have a duty of 25 percent when other countries are duty free so we’ll lose the muscle meat market in China until this is resolved,” he says.
Continue reading Economist: pork producer losses at $2.2 billion since March at Brownfield Ag News.
