In the battle between global consumer-health companies for a multi billion dollar foot-care, allergy and sun-tan lotion business, Reckitt Benckiser Group Plc has advantages that rivals will be hard pressed to match.
China, the world’s largest pork consumer, has put “temporary restrictions” on imports of U.S. pigs to prevent a swine disease from spreading to its herds, according to the Livestock Exporters Association of the USA.
Hog futures rose, heading for the biggest quarterly rally in 15 years, as a piglet-killing virus threatened U.S. meat production, signaling consumers will be forced to pay more for everything from bacon to pork chops.
The U.S. inventory of hogs farmers plan to sell for slaughter was 3.7 percent smaller on March 1 than a year earlier as a piglet-killing virus contributed to the smallest total herd in seven years, the government said.
Pig prices in Germany jumped the most in three years as unseasonably warm weather prompted consumers to fire up barbecues at a time when the priciest U.S. hogs ever are boosting demand for European supplies.