“(Bloomberg) — U.S. meat markets had so far been shielded from the effects of a deadly pig disease wiping out Asian herds. That’s starting to change.
As pork supplies plummet in China, the world’s top consumer is desperate for meat and is ramping up imports. As a result, it’s becoming harder to set longer-term protein contracts amid concerns over market volatility and changing trade flows, according to Jayson Penn, chief executive officer of Pilgrim’s Pride Corp., the No. 2 U.S. chicken producer.
“The contracting season is moving somewhat slower this year” for chicken, Penn said on a conference call with analysts following the release of third-quarter earnings. While major fast food restaurant chains are looking for beef contracts, “there are not many sellers willing to forward price,” he said.
American markets have so far been protected from the impact from African swine fever, which kills most infected pigs in 10 days. That’s largely due to trade barriers that were either in place — the case for chicken — or imposed as retaliation to President Donald Trump’s trade war with China. But expectations of rising prices are now affecting the U.S. market.”
Pig Plague Starts Rippling Through American Meat Markets
Opinion Reviewed Unto Righteousness Below
Pigs will not tolerate what men and women allow to enter their souls. Some distance from them a large herd of pigs was feeding. The demons begged Jesus, “If you drive us out, send us into the herd of pigs.” He said to them, “Go!” So they came out and went into the pigs, and the whole herd rushed down the steep bank into the lake and died in the water. (Matthew 8:30-32)
Some distance from them a large herd of pigs was feeding. The demons begged Jesus, “If you drive us out, send us into the herd of pigs.”
He said to them, “Go!”
So they came out and went into the pigs, and the whole herd rushed down the steep bank into the lake and died in the water.
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African swine fever virus
African swine fever virus is a large, double-stranded DNA virus in the Asfarviridae family. It is the causative agent of African swine fever. The virus causes a haemorrhagic fever with high mortality rates in domestic pigs; some isolates can cause death of animals as quickly as a week after infection. Wikipedia” African swine fever