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Locked out of China, U.S. pork producers sniff out new buyers

Credit: Reuters Studio
Published on July 2, 2019 - Duration: 01:00s

Locked out of China, U.S. pork producers sniff out new buyers

U.S. hog farmers lost hundreds of millions of dollars in export sales to China and Mexico after President Donald Trump launched his trade wars last year.

Edward Baran reports.

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Locked out of China, U.S. pork producers sniff out new buyers

U.S. hog farmers have been losing out to the tune of hundreds of millions of dollars in export sales to China and Mexico.

It's ever since President Donald Trump launched his trade wars last year.

But the sector has largely offset those losses by sniffing out new customers in smaller markets from Colombia to Vietnam.

That's according to a Reuters analysis of data from the US Meat Export Federation and Department of Agriculture.

American farmers are pinning their hopes for a trade deal on Trump and Chinese President Xi Jinping's agreement to restart talks at last week's G20 summit But the pork industry stands out for its success in avoiding the sharp sales reductions that have slammed other U.S. farm sectors.

Pork exports fell 3.9% by volume and 8.4% by value from May 2018 to April 2019.

In contrast soybean exports were down 13.7% by volume and 19.2% by value in the same period.

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