The pork industry has until the end of the year before Prop-12 takes full effect and the impacts still remain unknown.
Michael Formica with the National Pork Producers Federation says that while the end-of-the-year grace period will help the transition, it likely will be until later this fall when the full effects come into focus.
He says that fresh pork supplies will soon diminish but there is still product in the freezers.
As the clock ticks down, he says that producers wanting to sell in California after the end of the year will need to be audited. He also notes that costs will ultimately be passed down to the consumer.
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One trader said the products entering the U.S. are primarily grind and trim, noting that the volume and type of beef, on its own, should not cause a major disruption. However, he says fund traders are reacting heavily to headlines rather than market realities.
