Meat produces are stocking up un sure of what Trump’s tariff war will affect them….
American consumers will see lower prices at first….
American companies are gonna lose a lot of money with this….
China has mostly stopped importing American pork…..
Meat is piling up in U.S. cold-storage warehouses, fueled by a surge in supplies and trade disputes that are eroding demand.
Federal data, coming as early as Monday, are expected to show a record level of beef, pork, poultry and turkey being stockpiled in U.S. facilities, rising above 2.5 billion pounds, agricultural analysts said.
U.S. consumers’ appetite for meat is growing, but not fast enough to keep up with record production of hogs and chickens. That leaves the U.S. meat industry increasingly reliant on exports, but Mexico and China—among the largest foreign buyers of U.S. meat—have both set tariffs on U.S. pork products in response to U.S. tariffs on steel, aluminum and other goods. U.S. hams, chops and livers have become sharply more expensive in those markets, which is starting to slow sales, industry officials said.
The meat industry’s growing production already is filling the specialized warehouses built to store meat and other goods. “We are packed full,” said Joe Rumsey, president of Arkansas-based Zero Mountain Inc. The company’s five storage facilities serve as way stations for turkeys and chicken strips between processors and retailers, holding around 250 million pounds of products on any given day.
Growing meat stockpiles may bring down prices for meat-hungry U.S. consumers, along with restaurants and retailers. But slowing overseas sales and rising domestic stockpiles threaten profit for meat processors and prices for livestock and poultry producers….