SwineCast update for October 29, 2009, What are the carbon opportunities for the U.S. pork production industry?

The National Pork Producers Council just accomplished removing pork import restrictions based on H1N1 concerns from the valuable Chinese market. This effort has been underway since the restrictions were imposed earlier this year.

The NPPC noted, China’s decision to remove restrictions on the meat “is good news for U.S. pork producers,” Don Butler, president of the National Pork Producers Council. U.S. hog farmers have lost about $5.3 billion over the past two years as corn prices jumped to a record in 2008 and the recession and the H1N1 virus sapped demand this year, according to the group.

“China is, by far, the largest potential money-making opportunity for the U.S. pork industry,” Butler said. “A Chinese market reasonably open to U.S. pork would single-handedly put a huge dent in the U.S.-China trade imbalance.”

Also, U.S. hog farmers have asked the government to increase pork purchases to help keep them in business as sales fell with the spread of the H1N1 virus. Rod Brenneman, the chief executive officer of Seaboard Foods LLC, the second-biggest U.S. producer, told a congressional hearing in Oct. 22 that the USDA needed to act immediately. I spoke with Don Butler shortly after the testimony to the House Subcommittee on Agriculture about the effort.

SwineCast® Conversations

Updates and information on the industry.
SwineCast® Headliners

Get the latest thoughts and commentary on the industry.
  • Link to blog"The "Bickering" Family": by Don Tyler. "We know these people. The family with the siblings who can’t seem to see eye-to-eye on anything and end up bickering over who, even now that they are in their 40’s, got the larger ice cream cone at the State Fair when they were 8 and 10 years old. (Yes, that’s an actual argument that I heard…..)."
  • Link to blogOctober Swine Update: by Mark Greenwood. "Sow Liquidation – I think I get at least 4-5 calls a day concerning sow liquidation and who is liquidating. I generally respond and say we have only had 3 weeks of steady liquidation and until we have at least 24-30 weeks of sow slaughter that is close to 70,000 per week we have a long ways to go. It is occurring but it must continue for the market to get better."

SwineCast® Conference Connection

What are the front-burner issues you want to know more about? Tell us at feedback@swinecast.com.
Don't forget to add SwineCast® to your playlist!
Add to iTunes iGoogle/Google Reader RSS and XML Feed

Thanks, again, for listening!

Ned Arthur
Your SwineCast Host
Ned Arthur's picture

1.877.SwineCast (1.877.794.6322)