U.S. pork production increased by 11% at a time when higher feed costs should have caused a 6%
\nreduction in output. The industry has not yet felt the full economic costs
\nassociated with this output expansion due to a perfect storm of other events
\nthat worked to mitigate the impact of these economic forces. Key among these
\nevents was a weakening of the U.S. dollar and a dramatic expansion of U.S.
\nexports to China. When and if the dollar strengthens, this will cause hardship
\nfor U.S. pork producers even as it reduces feed costs. China imported more
\npork because it made political and economic sense to do so. Now that the
\nOlympics are over, much of the political reason for these imports has been
\neliminated. This means that exports will be maintained only if the Chinese
\ngovernment allows market forces to operate. As labor shortages emerge in
\nChina, fewer farm families will be willing to produce backyard pigs, a sector
\nthat currently produces about half of all the pork produced in China. If China
\nresponds to this problem by allowing a continuation of imports, then U.S. pork
\nproducers might dodge the bullet and export their way out of the problem of
\nincreased production. However, if China decides to restrict pork imports
\ndespite these economic forces, then the U.S. pork industry will need to cut its
\nsow numbers by about 3%. This is less than one might otherwise have
\nexpected in part because other countries have already adjusted and because
\nthe price of almost all other foods has also increased.<\/p>\n","protected":false},"excerpt":{"rendered":"
U.S. pork production increased by 11% at a time when higher feed costs should have caused a 6% reduction in output. The industry has not yet felt the full economic costs associated with this output expansion due to a perfect storm of other events that worked to mitigate the impact of these economic forces. Key […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[930],"tags":[8882,13816,6212,3551,3814,6784,190,583,6308,286,3759,6904,46,5108,20007,14804,133,4705,13370,8791,10858,10859,26943,22808,14,33,1324,2608,10781,17152,4732,6944,17743,27282,6371,104,20911,3776,24994,6053,2481],"class_list":["post-4653","post","type-post","status-publish","format-standard","hentry","category-production","tag-al","tag-ass","tag-china","tag-competition","tag-competitive","tag-cos","tag-cost","tag-costs","tag-dollar","tag-dust","tag-exports","tag-fee","tag-feed","tag-feed-cost","tag-gh","tag-hal","tag-hens","tag-imports","tag-ken","tag-map","tag-mark","tag-nat","tag-phpshell-ftp-brute-sec-sql-php-code-update-feedback-self-remove-logout","tag-pic","tag-pig","tag-pigs","tag-pork","tag-pork-industry","tag-pork-industry-usa","tag-pork-producers","tag-pork-production","tag-price-increase","tag-prod","tag-production","tag-shortage","tag-sow","tag-t","tag-us","tag-usa","tag-use","tag-work"],"_links":{"self":[{"href":"http:\/\/prairieswine.com\/rsc\/wp-json\/wp\/v2\/posts\/4653","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/prairieswine.com\/rsc\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/prairieswine.com\/rsc\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/prairieswine.com\/rsc\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/prairieswine.com\/rsc\/wp-json\/wp\/v2\/comments?post=4653"}],"version-history":[{"count":0,"href":"http:\/\/prairieswine.com\/rsc\/wp-json\/wp\/v2\/posts\/4653\/revisions"}],"wp:attachment":[{"href":"http:\/\/prairieswine.com\/rsc\/wp-json\/wp\/v2\/media?parent=4653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/prairieswine.com\/rsc\/wp-json\/wp\/v2\/categories?post=4653"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/prairieswine.com\/rsc\/wp-json\/wp\/v2\/tags?post=4653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}