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There Are Way Too Many Hogs in the U.S. and Not Enough Exports

  • American hog herd hits highest since 1943 in second quarter
  • Trade disputes are making flow of supplies more difficult
The Paustian Enterprises Pig Farm As Trump Vows Farmers To Be 'Better Off' Because Of Trade Fight
Photographer: Daniel Acker/Bloomberg

The world is about to be split in two when it comes to protein.

Output is piling up in North America, while African swine fever shrinks hog herds in Asia. But, trade disputes are making it hard for the excess supplies of meat to flow into areas where there’s a production gap.