- American producers can sell pork legs and shoulders to Mexico via an import quota of 350K tons despite retaliatory tariff measures taken this week.
- The U.S. “will be able to take advantage of the quota because the quotas are not discriminatory," according to the Mexican economy ministry.
- Over the past 10 years, U.S. pork made up 89% of Mexico’s imports of the meat, accounting for about a third of local consumption.
- Related stocks: WH Group (OTCPK:WHGRF, [[WHGHPY]]), Seaboard Foods (NYSEMKT:SEB), Tyson Foods (NYSE:TSN) and Hormel (NYSE:HRL).