(Bloomberg) — Export sales of American pork soared to an all-time high last week as buyers stock up in anticipation of a widening protein gap created by the spread of a pig-killing disease in Asia.“They’re simply front-running the Chinese with everyone becoming fully aware of the demand wave about to hit,” Dennis Smith, senior account executive at Archer Financial Services, said in an email.Livestock traders who have been waiting for months for China to start stepping up imports of U.S. meat got their first taste of the buying last week. This week’s data signals the tightening in global protein markets …read more
Source:: Yahoo Finance
