President Trump’s reciprocal tariffs have had an immediate impact on the ag industry—especially for soybean futures and the livestock sector.
From Wednesday afternoon when Trump made his announcement to the close of trade on Friday afternoon, May soybeans had fallen by 52 ½ cents, June Live Cattle had lost $9.20, and June Lean Hogs had fallen by $4.97.
“This is something that the pork industry has been on pins and needles about because trade is such a huge part of our economic forecasting,” says Jackie Ponder from Greenwood, who has recently been elected to the board of directors for the National Pork Producers Council (NPPC). She’s also co-owner and Chief Legal Council of Bowman Family Holdings, Inc., which manages 23,000 sows, markets 200,000 pigs annually, and farms 4,000 acres of corn and soybeans on farm locations throughout Johnson, Clay, Vigo, Pike, and Greene counties.
“This is something that the pork industry has been on pins and needles about because trade is such a huge part of our economic forecasting,” says Jackie Ponder from Greenwood, who has recently been elected to the board of directors for the National Pork Producers Council (NPPC). She’s also co-owner and Chief Legal Council of Bowman Family Holdings, Inc., which manages 23,000 sows, markets 200,000 pigs annually, and farms 4,000 acres of corn and soybeans on farm locations throughout Johnson, Clay, Vigo, Pike, and Greene counties.
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