GFM Network News


China’s 2020 corn, wheat imports reach record highs

Beijing | Reuters — China’s grains imports soared to record highs in 2020, customs data showed on Monday, after tight domestic corn supplies pushed prices to multi-year peaks, driving demand for cheaper imports. China, the world’s top agricultural market, bought a record 11.3 million tonnes of imported corn last year, including 2.25 million tonnes in

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



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,

Cargill’s High River beef plant was one of many meat-processing facilities struck by COVID in 2020.

Processing clogs and market bogs

Processing issues, and the market fallout, will be among the livestock sector’s major memories of 2020

If pork and beef producers had one image to sum up 2020, it might be a wrench gumming up the gears. North America’s meat sector became a flashpoint as pandemic conditions put food supply chains to the test this spring. March and April saw a growing list of major meat plants, particularly in the beef


Tyson fires seven managers after probe into COVID-19 wagering

Employees had been suspended following lawsuit

Reuters — Tyson Foods said Wednesday it had fired seven managers at an Iowa pork plant after investigating allegations that they took bets on how many employees would catch COVID-19. The independent investigation, led by former U.S. Attorney General Eric Holder, came in response to a lawsuit filed by the son of a worker at