New Zealand Drought and U.S. Pork on Convenience Stores
**Could a developing drought in New Zealand help the global supply and demand picture for milk markets?
Alyssa Badger of Highground Dairy tells milkbusiness.com weather developments in New Zealand could certainly help milk prices here at home.
Badger says it will be the worst end to the New Zealand season since the 2012-2013 market, adding that pasture conditions going into the new season will also be negative and could spur a rally in milk prices.
**Convenience stores account for a rapidly increasing share of food sales around the world, including Mexico where efforts are underway to expand demand for U.S. pork and beef products.
The U.S. Meat Export Federation's Gerardo Rodriguez says they're working to develop a wider range of convenience items featuring U.S. red meat, including salads with pre-cooked pork and beef.
Despite the 20 percent retaliatory tariff on most U.S. pork, Mexico is still by far the largest volume market.
**A proposed summit between President Trump and China's Xi Jinping to end the trade war could be pushed back to June instead of the expected April meeting.
A Hong Kong-based newspaper tells Marketwatch the latest sticking point is a split among White House officials over whether to include enforcement mechanisms over Chinese trade reforms.
It's unclear where a possible June summit might be held, but Trump and Xi are both expected to attend the G-20 meeting in Japan, in June.