Choppy pork trade may leave WH Group, JBS without main growth driver

Ags - Meat/Dairy 238 China 2832 Consumer Staples 710 Germany 222 Trade Deals 961 U.S. 5064

Global meat supply chains continue to contend with challenges from African Swine Flu. While the Chinese hog herd is recovering, demand for imported meat remains high. Supplies from Europe are under threat from ASF challenges for Germany’s farmers. U.S. seaborne exports of pork surged 38.7% higher year over year in March, including increased shipments to China under the phase 1 trade deal, which looks set to remain in place. The expansion in shipments has been led by JBS and Tyson Foods with growth of 74.5% and 47.0% year over year in March respectively while WH Group remains the largest ...

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