China will "guide" farmers to reduce hog production capacity as it steps up regulation of the industry, the agriculture ministry said on Tuesday, after an aggressive expansion drive led to an oversupply of pigs and heavy losses.
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Tag Archives Pork
China to encourage hog farmers to reduce capacity after price slump
Aggressive expansion in Chinese hog sector turns to mounting losses on demand downturn
Smithfield Foods ends contracts with 26 US pig farms, citing oversupply
American pork producers have been losing money as pig prices, consumer demand bump against high costs
Smithfield Foods said it will end contracts with 26 hog farms in the U.S. state of Utah, in the latest contraction by the world's largest pork processor in the face of an industry oversupply.
Manitoba hog yard cleared for U.S. export
Separate export certificate had been required for yard's cull sows
U.S. authorities have lifted an order that required sows from one Manitoba assembly yard to be certified free of Seneca Valley virus before crossing the border. The U.S. Department of […] Read more
U.S. livestock: CME cattle sag on weakness in equities, cash cattle market
Futures prices indicate that cash prices in the south may fall further
Weakness in equities and the cash cattle market weighed on futures at the Chicago Mercantile Exchange (CME), brokers said. Futures markets rose the previous three days in a turnaround from multi-month lows reached last Friday.
Third-quarter profit plunges for JBS
Low U.S. pork prices, beef margins and global chicken glut cited
Sao Paulo | Reuters — JBS SA, the world’s biggest meatpacker, reported an 86 per cent drop in third-quarter net income compared to a year ago on Monday, sliding to […] Read more
ASF compartmentalization moves a step forward
Plan not an attempt to download responsibilities, CFIA says
Canada is one step closer to a compartmentalizing regime that hog farmers and the rest of the industry hope protects them against market impacts of African swine fever. Practical application […] Read more
Optimizing carcass cooling can boost processing plant margins
Collecting environmental data can help time processes that improve processing and meat quality
Glacier FarmMedia – A sensor-based system for carcass cooling could save processing plants considerable money while also improving meat quality. The innovation by Manitoba-based Mode40 recently received funding from the […] Read more
Market uncertainty, election weigh on Manitoba pork sector
Volatility remains a feature, Manitoba Pork GM says
MarketsFarm — Cam Dahl, general manager of Manitoba Pork, has felt the highs and lows of the province’s pork industry over the past few months. While he expects Manitoba’s feed […] Read more
U.K. firm to process meats in Canada for Walmart
Plant would be Hilton Foods' first in North America
A British-based firm processing proteins for the retail and foodservice sectors plans to set up shop somewhere in Eastern Canada, after reaching a deal to supply meat products to Walmart’s […] Read more
U.S. livestock: Chicago hogs turn upward
Cattle futures down on day
Chicago Mercantile Exchange (CME) lean hog futures turned solidly upward Tuesday, a day after most trading months except October booked declines. October lean hogs closed Tuesday at 84.85 cents/lb., up […] Read more
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