A fully implemented U.S.-South Korea Free Trade Agreement could add $10/head to the price of market hogs, according to the National Pork Producers Council (NPPC).
The trade pact is pending a vote by the U.S. Congress. The National Assembly of the Republic of Korea also must approve the pact, which was finalized on April 1.
“This is the single most important trade agreement ever for the U.S. pork industry, and it will generate hundreds of millions of dollars in new export sales,” says NPPC President Jill Appell, Altona, IL, pork producer. “U.S. pork producers will aggressively work for congressional passage of the U.S.-South Korea trade agreement,” she stated.