Pork

Landmark deals demonstrate that America can maintain tariffs to shrink the goods trade deficit while opening new markets for U.S. farmers, says Ambassador Jamieson Greer.

China’s July pork shipments from the U.S. plummeted 62.2% from year-ago.

Frozen pork stocks stood at 461.14 million lbs. at the end of May, which was a 4.22-million-lb. (0.9%) build from April versus the usual 34-million-lb.-retreat for the month.

The market is breathing a collective sigh of relief that the outage was short-lived.

JBS is the world’s largest meatpacker and it controls around 25% of all U.S. beef capacity and roughly 20% of its hog slaughter capacity.