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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NCBA CEO Colin Woodall says more conversations need to occur with stakeholders present surrounding President Trump’s proposal to lower consumer beef prices with Argentinian imports.
Beef industry groups seem to agree — market-based pricing, not federal intervention, best supports rancher livelihoods and long-term beef supply stability.
Cattle groups say additional imports would offer little relief for consumers but could erode rancher confidence as the industry begins to rebuild herds.
The USDA’s latest Hogs and Pigs Report caught some analysts off guard. Inventories came in lower than expected, signaling tighter supplies ahead, even as producers return to profitability this year.
The government shutdown has touched nearly every sector of the ag industry since it began, and now impacts are spilling over into dairy.
Expect firm calf and fed-cattle prices — pair selective heifer retention with prudent hedging and liquidity to bridge rebuilding costs.
