CCTV Script 05/06/14

— This is the script of CNBC's news report for China's CCTV on June 5, Thursday.

Welcome to the CNBC Business Daily.

The U.S. pork trade is taking a hit as a deadly porcine virus has prompted 11 countries to limit imports.

Pork prices are skyrocketing... while feed prices are plummeting.

Which means that for SOME, this could be one of their best years -- while for others, this year spells 'devastation'.

CNBC's Jane Wells has more.

The U.S. is the world's largest exporter of pork but it is trying to get a handle on a virus which has killed millions of young pigs and it's not completely clear how it spreads.

The so-called "PED" virus is not harmful to humans, but is deadly to most piglets, so hog farmers are taking all kinds of precautions, but they don't always work.

[RANDY SPRONK, HOG FARMER] "You're seeing boot washes, you're seeing people change clothes. Classic would be a Danish entry. Wash your hands."

[DR. HOWARD HILL, NAT'L PORK PRODUCERS PRES] "It's a little discouraging when people spend a lot of extra money to go through more truck washes and disinfecting and drying, and still get the disease"

Nats: "I'm putting skin oil on him"

With fewer pigs and record high pork prices, the current dilemma is good news for farmers without the virus, some selling their animals a hundred dollars more a piece than a year ago, and feed costs have plummeted.

[TRENT LOOS, HOG FARMER] "Unquestionably the people who'd not been affected by PED will have the best pork year they've had in quite some time"

Meantime, the industry continues to consolidate, after a Chinese firm bought U.S. pork giant Smithfield Foods.

[CHRIS HODGES, SVP BUS. DEV. SMITHFIELD FOODS] "It's going to be a joint effort to try to develop Chinese market for U.S. pork products. They've always been good customers for a lot of our products. But the challenge is for us to develop the whole muscle products in China.

The amazing thing is that demand for pork remains pretty high despite record prices. Maybe that's because it's still cheaper than beef. At the World Pork Expo in Des Mones, Iowa, I'm Jane Wells.

That wraps up this edition of the Business Daily.

I'm Sri Jegarajah, reporting from CNBC's Asian headquarters



[MARTIN LAKOS / Division Director, Macquarie Private Wealth] "There is a degree of pressure on the ECB now to deliver. There's already been some indications from Marion Darghi that they are looking to some to stuff to support inflation and get growth up and running."

[MICHAEL YOSHIKAMI / Founder & CEO, Destination Wealth Management] "What I think super Mario, super Mario I love that is going to be going down the easing path to really basically blow up the EURO, I think he is already on record stating that their monetary policy is about weakening the EURO to help stimulate growth, so I think that he is in fact going to do."

[SEBASTIEN GALY / Senior Currency Strategist, Societe Generale] "What really matters is negative interest rates, because the ultimate objective is two fold , one is to encourage people to take risks, particulary in the periphery and number two is to weaken the EURO."

[JIM O'NEILL / Former Chairman, Goldman Sachs Asset Management] "Anybody that's got too high expectations for the ECB hasn't been around for the past 13 years. I mean, that's just not generally how they are. But that said, I think as we saw two years ago with his "I'll do whatever it takes", when he needs to really deliver, Draghi has quite the capability of it."

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