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International Trade:  Why It’s Important to U.S. Pork Producers

 In honor of World Trade Month, the National Pork Producers Council (NPPC) is highlighting the important role international trade plays for U.S. pork farmers and the U.S. economy.

“U.S. pork farmers have built a global reputation for providing domestic and foreign markets with high-quality, safe, and affordable pork products,” said Lori Stevermer, NPPC’s President-elect and pork producer from MN. “To grow exports and support high-paying jobs in rural communities, the United States must open new and expand existing markets through trade agreements, trade and investment framework agreements, and market access deals.”

Exports are vital to the U.S. pork industry. In 2022:

  • The U.S. exported $7.6 billion worth of pork to more than 100 foreign destinations.
  • Exports account for more than $61 in value for each hog marketed annually in the United States.
  • U.S. exports support more than 155,000 U.S. jobs supported and contribute over $14.5 billion to the U.S. economy.

NPPC advocates for the social, environmental and economic sustainability of U.S. pork producers and their partners by supporting reasonable public policies allowing them to export pork products globally. NPPC works to safeguard existing markets and for greater market access to high-quality, affordable pork products for consumers through trade agreements and trade initiatives that eliminate tariff and non-tariff barriers to U.S. pork exports.

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Will the 2025 USDA December Crop Report Be a Market Mover/Surprise?

Video: Will the 2025 USDA December Crop Report Be a Market Mover/Surprise?


Historically, the USDA December crop report is a non-event or another dud report as the USDA reserves any final supply changes to the final report in January of the following year in this case 2026. But after the longest U.S. government shutdown in history at 43 days and no October crop report will they provide more data/surprise and make an exception?
Our China U.S. soybean purchase tracker is now at 26.6% or a total of 3.2 mmt but for traders it’s taking too long to unfold.
The final Stats Canada production report was bearish canola and wheat projection a record crop in both (it adds to the global glut of supplies) and bullish local corn and soybean prices in Ontario/Quebec thanks to a drought. It will not help the fund flow short-term, the USDA may need to offset it?
A U.S. Fed interest rate cut of another 25-basis point next Wednesday (probability 87.1%) could help fund flow and sentiment in stock and ag commodities into year end.
More inflows into Bitcoin this past week saw prices rebound back above 90,000 with support at 82,000 and resistance at 96,000.
A V-shaped bottom in cattle suggest the lows are in after Mexico reported another new world screwworm case. Lower weights, seasonal demand and higher U.S. beef select/choice values with a continued closure of the Mexican border to cattle will result in a resumption of higher cattle futures into yearend.
Australia is expected to produce its 3rd largest wheat crop ever at 36 mmt adding to the global glut of supplies.
Reports of ASF in hogs in Spain the largest pork exporter in Europe could see the U.S. win more pork export business long-term.
If the rains verify into next week of 3-5 inches for Brazil it would go a long way to fixing the dry regions from the last 2-months, but the European weather model has been wrong for the past 2-months!
Natural gas futures are surging to the 3rd price count as frigid hold temps set in.
CDN $ is also surging to end the week on a very resilient economy and better employment numbers suggesting no interest rate cuts next week.
Finally, the CFTC report showed funds were net buyers of soybeans but sellers of corn, canola and wheat. In real time the funds have gone back to selling as they take some profits.