NEWS
Asia to Import Less Pork
Richard Smith DTN Tokyo Correspondent
Fri Nov 2, 2012 08:45 AM CDT

TOKYO (DTN) -- The major East Asian markets will be importing less pork next year because of an anticipated contraction in total supply and weak demand.

This year, because of the high yen and a rise in global pork production, Japan has been able to import pork at a relatively low price, the executive director of the 30-member Japan Meat Traders' Association said.

Tatso Iwama explained that U.S. producers are reacting to the drought-induced higher feed prices by taking many sows and meat hogs to market to reduce costs.

The resultant pork shortage will lead to higher prices for imported ...

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