US pork exports are liekly to surge on trade with Panama, Korea and Colombia

US free-trade agreements with Colombia, Panama and South Korea will generate more than 10,000 US jobs and add more than $770 million in pork sales annually, the US National Pork Producers Council said.

The accords, awaiting ratification by Congress, will eliminate tariffs on pork products shipped to those nations and add more than $11 to the price producers receive per hog.

The forecasts are from an analysis conducted by Iowa State University economist Dermot Hayes, based on a 10-year implementation period of the deals.

Original source: Bloomberg