Light at the end of the tunnel for the US hog market?

Hog prices have reached levels of value and there is now speculation that demand for food won’t be curbed as much as feared.
calendar icon 20 March 2020
clock icon 5 minute read

US-China relations becoming more strained?

A noted China watcher commented this week that a telephone call between US Secretary of State Mike Pompeo and China’s Director of the Office of Foreign Affairs of the Communist Party, Yang Jiechi, went very badly. President Trump has recently called the coronavirus outbreak the “Chinese virus".

Said the China watcher: “I cannot think of a more dangerous time in the US-China relationship in the last 40 years, and the carnage from the coronavirus has barely begun in the US.”

The watcher is worried that as the coronavirus takes its toll on the US economy and its population, US citizens and government will increasingly blame China and its initial perceived slack efforts to contain the contagion. If true, such would not bode well at all for increased US agricultural exports to China, including pork.

© Jim Wyckoff

© Jim Wyckoff

© Jim Wyckoff

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