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Tag Archives Pork

File photo of piglets at a hog operation in China. (KuLouKu/iStock/Getty Images)
Hogs, Livestock, Markets

China’s 2020 pork output higher than expected

Reported slowing of ASF-induced decline beats expectations

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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.
News

Smithfield Foods plots new course

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

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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
The USDA building in Washington, D.C. (Art Wager/iStock/Getty Images)
Hogs, Livestock

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

Funds earmarked for farmers under contract

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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
Livestock Markets, Markets

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

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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
CME February 2021 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

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

Lean hogs, feeder cattle mixed

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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.
Livestock, News

Processing clogs and market bogs

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

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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
(TysonFoods.com)
Hogs, Livestock

Tyson fires seven managers after probe into COVID-19 wagering

Employees had been suspended following lawsuit

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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
Beef is on display at a Walmart in Beijing on Sept. 23, 2019. (File photo: Reuters/Tingshu Wang)
Beef cattle, Livestock, Markets

China’s coronavirus testing chokes beef trade

Additional inspections, disinfections costly for importers

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Beijing | Reuters — In a supermarket in downtown Beijing, refrigerator shelves normally filled with steak from around the world sit empty as tougher testing for the novel coronavirus creates supply bottlenecks and raises prices for importers. Fresh supplies of beef won’t arrive for days, a salesman at the Suning.com-owned Carrefour outlet told Reuters —

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