Published: 7:30pm, 23 Apr, 2019 Updated: 3:38am, 6 Jun, 2019
Pork prices are rising due to the impact of an ongoing African swine flu epidemic in China's pig industry, with prices increasing 36% in the first week of April. The outbreak has had a serious impact on Chinese pork producers, with prices expected to reach an all-time high in Q4 2019 amid shrinking stocks. Shares of U.S. auto giant Ford (NYSE:F) have sputtered lower over the past several years, with Ford's stock price today about $10 versus $17 about five years ago. China is now looking to sources, such as the US, to meet demand.