Pig Plague Starts Rippling Through American Meat Markets | WHAT REALLY HAPPENED

Pig Plague Starts Rippling Through American Meat Markets

U.S. meat markets had so far been shielded from the effects of a deadly pig disease wiping out Asian herds. That’s starting to change.

As pork supplies plummet in China, the world’s top consumer is desperate for meat and is ramping up imports. As a result, it’s becoming harder to set longer-term protein contracts amid concerns over market volatility and changing trade flows, according to Jayson Penn, chief executive officer of Pilgrim’s Pride Corp., the No. 2 U.S. chicken producer.

“The contracting season is moving somewhat slower this year” for chicken, Penn said on a conference call with analysts following the release of third-quarter earnings. While major fast food restaurant chains are looking for beef contracts, “there are not many sellers willing to forward price,” he said.

American markets have so far been protected from the impact from African swine fever, which kills most infected pigs in 10 days. That’s largely due to trade barriers that were either in place -- the case for chicken -- or imposed as retaliation to President Donald Trump’s trade war with China. But expectations of rising prices are now affecting the U.S. market.

Webmaster's Commentary: 

I would like to politely suggest, that if our readers/listeners do not currently have a freezer, you might want to think about getting one right now, possibly splitting the cost with a friend or family member.

Because of illnesses, and non-planting in those states ravaged by rain and/or fires, food prices next year, will be very intense; the time to plan for this contingency, is right the heck now. I would almost be willing to bet this will be a really saving grace for people as spring comes up in 2020.

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