GFM Network News


China’s 2020 pork output higher than expected

Reported slowing of ASF-induced decline beats expectations

Beijing | Reuters — China’s pork output posted significant signals toward recovery last year after the sector was decimated by an incurable hog disease in 2019, official data showed Monday. China’s 2020 pork output fell 3.3 per cent from a year earlier, to 41.13 million tonnes, after plunging 21 per cent in 2019, the National

A road sign directs traffic to Smithfield Foods’ pork-processing facilities in Smithfield, Virginia.

Smithfield Foods plots new course

New CEO has shaken up management team of world’s largest pork processor amid COVID challenges

Smithfield Foods has unveiled a management shakeup as the world’s largest pork processor and its new chief executive deal with the ripple effects of a pandemic-led drop in restaurant meat consumption and coronavirus infections among workers. The pandemic has reduced demand for meat at restaurants, cafeterias and other food-service outlets, delivering an economic shock to


USDA unveils more COVID-19 aid, mostly for livestock farmers

Funds earmarked for farmers under contract

Chicago | Reuters — The U.S. Department of Agriculture said on Friday it will pay an additional US$2.3 billion in COVID-19 aid to farmers, directing more money to livestock producers suffering from disruptions in slaughtering and restaurant demand for meat. The aid, which comes from money allocated to USDA from previous pandemic stimulus legislation, follows


Germany finds more African swine fever in wild boar, cases reach 480

The number of African swine fever (ASF) cases found in wild boar in Germany has now reached 480, Germany’s Agriculture Ministry said on January 8, continuing an outbreak of the disease among wild animals which halted German pork exports to Asia. The cases have occurred since the first outbreak in September 2020 and were in


U.S. livestock: Cattle, hog futures fall as corn rises

U.S. beef, pork export sales both up on week

Chicago | Reuters — CME feeder cattle futures fell on Thursday, retreating back toward a three-month low on prospects for increased input costs for livestock operators due to surging corn prices. “It is the rising feed costs,” said Alan Brugler, president of Brugler Marketing + Management. “With the corn being up another 10 cents today,


U.S. livestock: Lean hog futures rise as corn surge seen squeezing supply

Cash prices pressure nearby live cattle futures

Chicago | Reuters — U.S. lean hog futures firmed Tuesday on higher cash hog prices and improving pork packer margins and as soaring feed costs stoked concerns about tighter hog supplies. Corn futures prices surged more than five per cent on Tuesday after the U.S. Department of Agriculture (USDA) slashed its 2020 harvest estimate, with


Taiwan lawmakers approve imports of additive-fed U.S. pork

Taiwan’s parliament has approved measures that pave the way for imports of U.S. pork containing a leanness-enhancing additive, despite objections by the main opposition Kuomintang (KMT) party which says the move is a health risk. President Tsai Ing-wen’s decision in August to permit imports of U.S. pork containing ractopamine, banned in the European Union and

U.S. livestock: Live cattle sink on profit-taking, technical selling

Lean hogs, feeder cattle mixed

Chicago | Reuters — U.S. cattle futures fell on Monday in a profit-taking and technical-selling setback amid concerns about weaker demand for cattle and beef, traders said. Position rolling by funds, as they closed out long positions in the spot month and bought deferred contracts on the second day of the five-session “Goldman roll” period,