A new study released by the National Oilseed Processors Association (NOPA) and the Iowa and Minnesota Soybean Growers Associations warns that American hog farmers in Iowa and Minnesota who import Canadian swine and raise them in the U.S. could be significantly impacted by antidumping duties imposed on live swine imports from Canada. The soybean associations also warned that Upper Midwest soybean farmers who supply the livestock industry with domestic soybean meal would also be hurt by the
import duties.

The study, "U.S. Imports of Live Hogs from Canada and Implications for the U.S. Soybean Industry of Imposing Trade Restrictions," conducted by Promar International, (available at http://www.nopa.org/content/newsroom/newsroom.html) was initiated after The National Pork Producers Council (NPPC) and other groups filed a petition with the U.S. International Trade Commission alleging that Canadian hog producers were "dumping" and receiving illegal subsidies from the Canadian government.

The Department of Commerce rejected the NPPC's allegations of illegal subsidies, but placed preliminary dumping duties on live swine from Canada ranging from 13.25 percent to 15.01 percent. The Commerce Department will announce final dumping margins (if any) on March 7, 2005 and the International Trade Commission will commence hearings on the question of whether the imports have injured the U.S. industry on March 8. The ITC is expected to make a final determination in April.

"To impose tariffs on imported hogs at this time would be devastating, not only for the swine industry in the Upper Midwest, but for the area's soybean farmers, who depend on the livestock industry for 95% of their domestic soybean meal," said John Askew, a soybean producer in Iowa who was quoted in a NOPA press release on the study.

The goal of the Pork Trade Action Coalition is to assure that the U.S. government considers all the facts in the Canadian swine case fairly and objectively, with a full understanding of the ramifications of any decision. For more information, please visit the Web site at http://www.porktradeaction.org.

SOURCE: PRNewswire