Canada: Tariff threat looms over the market

June lean hog futures were at $1.05 when the tariff threat began. On the last Friday of June, they closed at $96.30 per head, a decrease of $18 per head. There is no doubt that the U.S.-Canadian hog market has been affected by the talk and reality of tariffs. In Canada, we expect that, because 65% of pork production is exported as pork or live hogs, the value will decline further as exporters face the potential reality of bearing the 25% tariff cost. There may be winners in a tariff war, but it is difficult to find the needle in the haystack for U.S. and Canadian hog producers. Other Observations National Pork Board In Orlando, Florida (a nice place, Des Moines is also a nice place), around 500 people from the pork industry gathered last week for what's called the Pork Forum, a combined event of the National Pork Board and the National Pork Producers Council. A new pork campaign was launched at the event with the slogan "TASTE WHAT PORK CAN DO." We used to have the slogan ...