Written Commentary
MORNING LIVESTOCK OUTLOOK
President of Brazil said negotiations with Chinese are in final stages and Brazil will begin to move beef to China before the end of November. Beef exports were halted the first week of September 2021. China is the main trade partner with Brazil and China knows Brazil depends on Chinese imports.
There has been little talk about what likely is going to happen in January 2022 when the new California Animal Welfare proposal goes into effect. Currently, it looks like it will happen and pork not raised under the rules of the new law in California won’t be sold. California uses about 15% of the pork produced in the US.
Global hog numbers are up and growing and as pointed out above, the new California law could make it a tough year for new independent producers that still sell on the open market.
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