Niocorp Developments Ltd (NB)

[tedro84]

Every HOG farmer is Affected. No farmer exports directly. They typically work in coops so that large companies are the ones actually shipping, like Seaboard or Smithfield. Additionally, in a global economy when one producer is faced with an over supply due to a sudden decline by a major consumer, the price drop will transcend the sector, that is basic economics and not specific to pork.

Finally, China frequently is the difference between profit and just breaking even for this industry as they are consumers of parts of the animal that most Americans will not touch, which are frequently called the “variety meats”.

https://www.nationalhogfarmer.com/business/chinese-retaliation-us-pork-exports-will-harm-rural-economy