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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe great bacon shortage of 2020? China's pork crisis could hit US supermarket shelves
Its scary news for bacon fans: The U.S. could see tight supplies, or even some shortages of pork bellies along with ham next year as the spread of a pig-killing disease in China ripples through the global market.
Thats according to Smithfield Foods Inc., the worlds biggest pork producer. While Chinas hog crisis hasnt had much impact on the U.S. market yet, that could change in 2020 as the Asian nation is forced to increase imports even more in the face a prolonged protein deficit, said Arnold Silver, director of raw materials procurement at Smithfield, which is owned by Hong Kong-listed WH Group Ltd.
The Chinese are insatiable in their appetite for pork, Silver said at the Urner Barry Global Protein Summit in Chicago, which took place Monday and Tuesday.
Smithfield will prioritize supplying its long-held U.S. customer base before directing meat for export to China, Silver said. But strong demand from Asia means more U.S. pork exports could flow to the Asian country, and some cuts of meat could face particular tightness. China often buys whole or half carcasses. However, hams will also be especially in demand, Silver said.
https://www.msn.com/en-us/money/markets/the-great-bacon-shortage-of-2020-chinas-pork-crisis-could-hit-us-supermarket-shelves/ar-AAIwV1g?li=BBnbfcN
Stallion
(6,474 posts)...at least for my brand-now I know why
customerserviceguy
(25,183 posts)and the reason the Chinese bought our soybeans was in part to feed to swine. I presume the price of the soybeans in the US has plunged because of the trade war, I'd be surprised if US hog farmers weren't able to take advantage of those lowered prices.
Being as this is coming from Smithfield, it sounds like bullshit to justify a raise in bacon prices.
Kurt V.
(5,624 posts)tulipsandroses
(5,124 posts)I need my bacon!