Panjiva, S&P Global Market Intelligence's research unit said United States pork exports to China have increased past pre-trade war numbers, led by JBS and Smithfield Foods owner WH Group, Reuters reported.
IBGE, Brazil's government statistics agency said Brazil slaughtered its highest number of swine in the second quarter at 12.1 million swine thanks to increased demand from China, Reuters reported.
The oversupply of hogs in the US pork production system is seen to worsen in the long run, as many meat-processing facilities remain or may shut down due to the lingeringCOVID-19 pandemic.
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